2012/307/EU: Commission Decision of 19 October 2011 regarding State aid schemes implemented by Greece in the Kastoria, Evia, Florina, Kilkis, Rodopi, Evros, Xanthi and Dodecanese Prefectures, and the islands of Lesbos, Samos and Chios (debt restructuring) (Nos C 23/04 (ex NN 153/03), C 20/05 (ex NN 70/04) and C 50/05 (ex NN 20/05)) (notified under document C(2011) 7252) Text with EEA relevance
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
The aid schemes in the form of debt restructuring unlawfully implemented by Greece in breach of Article 108(3) of the Treaty of the Functioning of the European Union in the Prefectures of Kastoria, Evia, Florina, Kilkis, Rodopi, Evros, Xanthi and the Dodecanese, and the islands of Lesbos, Samos and Chios are incompatible with the internal market.
Individual aid granted under one of the schemes referred to in Article 1 shall not be qualified as aid if, at the time it was granted, it complied with the conditions established by one of the regulations adopted pursuant to Article 2 of Regulation (EC) No 994/98 applicable at the time the aid was granted.
1. Greece shall recover the incompatible aid granted under the schemes referred to in Article 1 from the beneficiaries. 2. The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiaries until their actual recovery. 3. The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004. 4. Greece shall cancel all outstanding payments of aid under the scheme referred to in Article 1 with effect from the date of notification of this Decision.
Recovery of the aid granted under the schemes referred to in Article 1 shall be immediate and effective. Greece shall ensure that this Decision is implemented within four months of its notification.
1. Within two months of the notification of this Decision, Greece shall send the Commission the following information: (a) the list of the beneficiaries that have received aid under the schemes referred to in Article 1 and the total amount received by each of them under the scheme concerned; (b) the total amount (capital and interest) to be recovered from each beneficiary in the case of aid which cannot be covered by the de minimis rule; (c) a detailed description of the measures already taken and those planned to comply with this Decision; (d) the documents showing that the beneficiaries have been ordered to repay the aid. 2. Greece shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid granted under the scheme referred to in Article 1 has been completed. It shall immediately submit, on simple request by the Commission, information on the measures already taken and those planned to comply with this Decision It shall also provide detailed information concerning the amounts of aid and interest already recovered from the beneficiaries.
This Decision is addressed to the Hellenic Republic.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.