CELEX: 62010CJ0354
Failure to fulfil obligations
State aid
Tax-exempt reserve fund
Incompatibility with the common market
Recovery
Failure to execute

Failure of a Member State to fulfil obligations — Failure to take, within the period prescribed, the measures necessary for
recovery of the aid found to be unlawful and incompatible with the internal market by Article 1(1) (excepting the aid referred
to in Article 1(2) and Articles 2 and 3) of the Commission decision of 18 July 2007 (C(2007) 3251) concerning the tax-exempt
reserve fund (State aid C 37/05).
Operative part
The Court:
1.
Declares that, by failing to adopt, within the period prescribed, all the measures necessary for recovery, in accordance with
Article 1(1) of Commission Decision 2008/723/EC of 18 July 2007 on State aid C 37/05 (ex NN 11/04) implemented by Greece —
tax-exempt reserve fund, of the aid held unlawful and incompatible with the internal market, excepting the aid referred to
in Article 1(2) and Articles 2 and 3 of that decision, the Hellenic Republic has failed to fulfil its obligations under Articles
4 to 6 of that decision;
2.
Orders the Hellenic Republic to pay the costs.