GREECE – ECJ
October 1st, 2004
BY KEITH NUTHALLTHE GREEK government's alleged failure to implement European Union (EU) rules on solvency margins for life assurance and non-life insurance businesses has landed it in the European Court of Justice (ECJ). The European Commission has launched a case after being dissatisfied with Athens' response to its final warning letters. Brussels says Greece has failed to write directives 2002/12/EC and 2002/13/EC into its national laws, ignoring a September 2003 deadline. The Commission announcement of the case said that to create an effective EU-wide ...
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