In 2009 Member States have used only part of the amount destined for State aid, approximating around 10% of EU GDP. The Commission can only assess aid against the benchmark of competition rules.
The EC is following the unfolding story of how the markets react to the efforts towards fiscal consolidation in some Euro Area countries.
Accordingly, on 1 December, Commissioner Almunia will propose to the College the extension of some of the temporary measures into 2011. The proposal will phase out unnecessary measures, but it will continue to support firms’ efforts to export and innovate in difficult times. It will also continue to help banks deal with the remaining balance-sheet problems.
© European Commission
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article