According to Commissioner Almunia, the European Union will be faced with a transition period over the next few years before a fully functioning EU Banking Union enters into force. For this period, the Commission has adopted a new Banking Communication on the application of State aid rules to support measures …read more
In its Judgment of May 30, 2013 in Doux Élevages and Coopérative agricole the Court of Justice of the European Union carried on with its line of case law in Pearle and Others by stressing that, according to Article 107(1) TFEU, State aid cannot exist if the economic advantage under …read more
Over the last few years many attempts have been made to modernize the European State aid rules, such as the ambitious “State Aid Action Plan” of Commissioner Kroes and the various ideas put forward by her predecessors Monti and Van Miert. While the impact of these previous reform projects was …read more
State aid is a broad concept, covering advantages (anything over and above what a functioning market would bear) granted by any State entity to specific beneficiaries. Such aid requires prior Commission approval, otherwise it may have to be reimbursed. State aid rules are aimed at ensuring that, based on different …read more