The European Commission this week confirmed the launch of an in-depth investigation into the Italian government's €300 million ($465 million) emergency bridge loan to Alitalia, granted in April under a specific decree-law. A second decree-law on May 27 allowed AZ to incorporate that sum into its equity capital, enabling it to avoid bankruptcy proceedings and permit its possible privatization (ATWOnline, June 3). "The Commission considers, at this stage, that this measure in favor of ...

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