State Aid

Lords backs banking amendment

Premium 17 October 2008

The UK's House of Lords has given its backing to an amendment to the Enterprise Act, which will allow the government to intervene in reviews of mergers in the financial system.

DG Comp issues emergency state aid guidelines

Premium 14 October 2008

The European Commission yesterday promised to fast track state aid decisions for member states attempting to shore up financially troubled lenders so long as they adhered to EU rules.

Kroes vows to preserve state aid

Premium 13 October 2008

European competition commissioner Neelie Kroes today stressed the importance of competition policy in solving the current financial crisis.

Sarkozy calls for looser state aid rules

Premium 10 October 2008

French president, Nicolas Sarkozy, yesterday called on the European Commission to relax state aid rules and allow member states to support industry.

DG Comp concerned by Channel 4 aid

Premium 07 October 2008

The European Commission has said that plans by the UK government to provide £14 million of public funding to television broadcaster Channel 4 could represent an unfair subsidy.

Kroes addresses parliament on banking crisis

Premium 07 October 2008

European Competition Commissioner Neelie Kroes says the European Commission's state aid system "will continue to be part of the solution, not part of the problem," in a speech to the European parliament about the current banking crisis.

DG Comp receives Northern Rock plan

Premium 01 April 2008

The British government met its 17 March deadline to submit a restructuring aid plan for troubled bank Northern Rock to the European Commission.