COMMISSION TO INVESTIGATE FRENCH CRUISE VESSEL AID.

European Report | November 17, 1999 | Copyright

The European Commission has gone ahead with a formal investigation into state aid granted by France in 1996 in the form of development aid in relation to a cruise vessel for use in Saint-Pierre-et-Miquelon by Compagnie des Iles du Levant (CIL). The Commission said in a statement that it had doubts about the development aid character of the project "since the vessel appears mainly to have been used outside Saint-Pierre-et-Miquelon. It also notes that the operator (and eventual owner) of the vessel, CIL, is a subsidiary of a commercially viable French company". According to the ...

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