Commission Decision of 2 August 2004 on the State Aid implemented by France for France Télécom (notified under document number C(2004) 3060) (Only the French version is authentic) (Text with EEA relevance) (2006/621/EC)
Commission Decision of 2 August 2004 on the State Aid implemented by France for France Télécom (notified under document number C(2004) 3060) (Only the French version is authentic) (Text with EEA relevance) (2006/621/EC)
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community, and in particular the first subparagraph of Article 88(2) thereof,
Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof,
Having called on interested parties to submit their comments pursuant to the provisions cited above(1) and having regard to those comments,
Whereas:
HAS ADOPTED THIS DECISION:
Article 1
Placed in the context of the declarations made from July 2002, the shareholder loan granted by France to France Télécom in December 2002 in the form of a EUR 9 billion credit line constitutes state aid incompatible with the common market.
Article 2
The aid referred to in Article 1 does not have to be recovered.
Article 3
This Decision is addressed to the French Republic.
Done at Brussels, 2 August 2004
For the Commission
Frederik Bolkestein
Member of the Commission