On 28 April 2012, a European Commission notice on State aid recovery interest rates and reference/discount rates applicable from 1 May 2012 was published in the Official Journal. The rates have been reduced for all euro-zone countries and have been published in accordance with Article 10 of the Commission Regulation 794/2004 and the Commission communication on the method for setting the reference and discount rates. Depending on the use of the reference rate, an appropriate margin will still have to be added as defined in the Commission communication. Read more.