The French government has been ordered by the European Commission to claw back around 35 million ecu

Series Title
Series Details 23/07/98, Volume 4, Number 29
Publication Date 23/07/1998
Content Type

Date: 23/07/1998

in illegal aid given to Crédit Lyonnais subsidiary Societé de Banque Occidentale. The Commission said the 35-million-ecu recapitalisation of the bank before it spun off healthy units to a public holding company added up to state aid.
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