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Commission Decision of 16 July 2008 on a State aid scheme implemented by Italy to remunerate current accounts held by Poste Italiane with the State Treasury (C 42/06 (ex NN 52/06)) (notified under document number C(2008) 3492) (Only the Italian text is authentic) (Text with EEA relevance) (2009/178/EC)
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Article 3U.K.
1.Italy shall recover the incompatible aid granted under the scheme referred to in Article 1 from the beneficiary.
2.The amount to be recovered shall be equal to the difference between the annual remuneration paid on current accounts held by Poste Italiane with the State Treasury under the Agreement referred to in Article 1 and the amount arrived at by applying the test of the prudent borrower operating in a market economy as shown in Table 6a in this Decision.
3.The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiary until their actual recovery.
4.The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004 and Regulation (EC) No 271/2008 amending Regulation (EC) No 794/2004.
5.Italy shall cancel all outstanding payments of aid under the scheme referred to in Article 1 with effect from the date of adoption of this Decision.
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