Article 1
The State aid which Spain has implemented for Hilados y Tejidos Puigneró SA is incompatible with the common market. The incompatible aid involves the following measures in favour of Puigneró: (a) a loan granted by the Catalan Institute of Finance in 1993 and its extension in 1996; (b) a guarantee granted by the Catalan Institute of Finance in 1996 and its extensions in 1999 and 2001; (c) a guarantee granted by the Catalan Institute of Finance in 1998 and its extension in 2001; (d) the persistent non-payment of social security contributions from 1995 until the start of the suspension of payments procedure, in so far as until the latter date the social security authorities could have enforced their collection in accordance with normal procedures; (e) the persistent non-payment of tax obligations from early 1993 until the start of the suspension of payments procedure, in so far as until the latter date the Tax Agency could have enforced their collection in accordance with normal procedures; and (f) a loan granted by the Catalan Institute of Finance in 2000 and its subsequent extensions.