2012/307/EU: Commission Decision of 19 October 2011… Article 3
2012/307/EU: Commission Decision of 19 October 2011… Article 3
Article 3
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.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 3 of 2012/307/EU: Commission Decision of 19 October 2011… (LawPlayer, data as of 2026-07-04)
