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European Commission

EU says Ryanair owes France €9.6 million
European Commission

EU says Ryanair owes France €9.6 million

Low-cost airline Ryanair received nearly €10 million in illegal government aid and now must pay the money back, the European Commission said on Wednesday. It's another costly blow for Ryanair after a French court ordered it to stump up €9million in damages last year.
France to miss public deficit target: EU
European Commission

France to miss public deficit target: EU

France will miss an agreed target to cut its public deficit, the EU said on Tuesday, with the latest economic forecasts saying that the French government deficit will hit 4.1 percent this year, 3.8 percent next year and still post a 2015 shortfall at 3.7 percent.