The European Commission has published its decision of 16 July 2008 on the aid scheme established by the 2006 Italian budget law. This decision concerns the remuneration of funds collected from Poste Italiane's customers' accounts and deposited by Poste Italiane with the State Treasury.
The Commission found that the loan rate granted by the State Treasury to Poste Italiane constituted an aid scheme that was incompatible with the Common Market because it was higher than the market rate. In addition, the Commission found that it was the Treasury, not Poste Italiane, which covered the liquidity risk associated with the deposited funds. The money collected and paid into current accounts was then used to finance ordinary budgetary needs. The Italian Government is therefore required to recover the incompatible aid from Poste Italiane.