The European Commission has launched an investigation into Italy's loan to the country's national airline Alitalia, which could result in repayment of financial aid despite pre-election pledges by premier Silvio Berlusconi to save the airline.
"At this stage, the commission believes that the [€300 million] loan - which the Italian company has the option of incorporating into its equity capital - could constitute aid that is incompatible with the common market," the EU executive said in ...
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