European Commission President José Barroso was asked to give an explanation before the European Parliament this afternoon of an apparent conflict of interests. In August, 2004, shortly after he was designated as the new Commission President, Mr Barroso holidayed on the private yacht of Greek shipping magnate John Latsis. Barely a month later a shipbuilding firm belonging to Mr Latsis was awarded €10.3 million in state aids. Such aid by national governments within the EU can only be given under strict conditions and with the permission of the European Commission, which is responsible for ensuring that the rules are followed.
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