Application of Article 56 EC and Article 40 EEA. Proceedings between the European Commission and the Porutguese Republic concerning the latter's failure to fulfil its obligations in accordance with the aforementioned articles of EU law because it conferred an undue advantage to public debt securities issued by the Portuguese State. If funds were invested in public debt securities issued not by the Portuguese State, a higher rate was applicable. The Court ruled this was a discriminatory practice.
April 13 2011