Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-77c89778f8-sh8wx Total loading time: 0 Render date: 2024-07-17T11:19:35.632Z Has data issue: false hasContentIssue false
This chapter is part of a book that is no longer available to purchase from Cambridge Core

6 - State aid (Phedon Nicolaides)

Ioannis Kokkoris  and
Rodrigo Olivares-Caminal
Ioannis Kokkoris
Affiliation:
University of Reading
Rodrigo Olivares-Caminal
Affiliation:
University of Warwick
Get access

Summary

In Europe the provision of subsidies and other forms of aid by the State still forms an accepted part, indeed often a central part, of economic policy, even in those countries most attached to the model of the free market. Yet the very existence of State aid poses obvious problems for the single market for which the European Union is striving. The EC law of State aid therefore raises issues of the greatest social, economic and political importance as well as a great variety of difficult and fascinating legal problems. Seldom have the rules of Community law on State Aids been invoked more frequently than at present. Seldom has the definition of a State aid presented more difficulty.

Andrea Biondi, Prof. Piet Eeckhout and James Flynn

Introduction

This chapter explains in detail the concept of state aid. In the penultimate chapter we shall examine how the state aid rules of the European Union have been applied during the financial crisis, and we present there a critical assessment of the role and effectiveness of state aid policy during the crisis.

The control of state aid is an important component of the competition policy of the European Union. State intervention influences the way markets operate by favouring certain undertakings and causing, as a result, serious damage to their competitors operating in the same and/or different member states.

State intervention may thus undermine the achievement of a market economy with free and undistorted competition.

Type
Chapter
Information
Antitrust Law amidst Financial Crises , pp. 349 - 388
Publisher: Cambridge University Press
Print publication year: 2010

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×