Italy submits that both the original tariff arrangement — which constituted Terni’s legitimate compensation for the expropriation of its assets — and its further extensions in time do not constitute State aid.
L’Italie maintient que, ni l’accord tarifaire initial — indemnisation légitime de Terni en compensation de l’expropriation de ses actifs — ni ses prorogations ultérieures ne constituent des aides d’État.