Monti warns France over payments to Alstom

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Series Details 4.5.04
Publication Date 04/05/2004
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Mario Monti, European Commission Competition Commissioner, warned France, 3 May 2004, not to pour more subsidies into Alstom, the engineering group, but left the door open for an "industrial reorganisation" that might still involve the French state. At the first face-to-face meeting between Mr Monti and Nicolas Sarkozy, French Finance Minister, the two men discussed the prospects for the struggling company, already the subject of a Brussels inquiry into an alleged €3.2bn of state aid.

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