59With respect to the applicant's claim that there was a failure to state reasons inasmuch as the Commission did not state the true reasons for its failure to take into account in the contested decision the promise to grant aid of DEM 4 million allegedly made by the Land of Thuringia, it is settled case-law that the statement of reasons required by Article 253 EC must be appropriate to the measure at issue and must disclose in a clear and unequivocal fashion the reasoning followed by the institution which adopted that measure in such a way as to enable the persons concerned to ascertain the reasons for the measure and to enable the Court to exercise its power of review. The requirement to state reasons must be assessed according to the circumstances of the case. It is not necessary for the reasoning to go into all the relevant facts and points of law, since the question whether the statement of reasons meets the requirements of Article 253 EC must be assessed with regard not only to its wording but also to its context and all the legal rules governing the matter in question (judgments in Case C-367/95 P Commission v Sytraval and Brink's France [1998] ECR I-1719, paragraph 63; Case C-113/00 Spain v Commission [2002] ECR I-7601, paragraphs 47 and 48; Case C-114/00 Spain v Commission [2002] ECR I-7657, paragraphs 62 and 63; and Case T-323/99 INMA and Itainvest v Commission [2002] ECR II-545, paragraph 55).
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