2008/723/EC: Commission Decision of 18 July 2007 on State… Article 4

Article 4

1.   Greece shall recover the incompatible aid granted under the scheme referred to in Article 1(1) of this Decision 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 Commission Regulation (EC) No 794/2004  ( 139 ) . 4.   Greece shall cancel all outstanding payments of aid under the scheme referred to in Article 1.1 with effect from the date of notification of this decision.