Thursday, 23 April 2009

Economic crisis: EU state aid overview

The financial sector catastrophy and economic recession have led to enormous pressures on Competition Commissioner Neelie Kroes and her services.

The Commission has done its best to guide national administrations and EU businesses on the available options and the (changing) limits set to rescue measures, while working on the concrete packages proposed by the member states.

The latest compilation is the press release State aid: Overview of national measures adopted as a response to the financial and economic crisis (22 April 2009, MEMO/09/174), which summarises the guidance (Communications) from the Commission and the decisions adopted with regard to the financial sector and the real economy, as of 22 April 2009.

Ralf Grahn