STATE AID – THE MAIN INSTRUMENT IN THE EUROPEAN UNION TO COPE WITH THE ECONOMIC AND FINANCIAL CRISIS

Virginia Campeanu

Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), 2016, vol. 11

Abstract: State aid which distorts competition between Member States (MS) is considered incompatible with the Single market if it affects trade between MS. However, Article 107 of the Treaty on the Functioning of the European Union (EU) stipulates categories of state aid, with some of them being compatible with the internal market (social aid, aid in case of natural disasters or severe disturbances in the economy of a MS); another category includes state aid that may be considered compatible with the internal market (aid to promote development in areas with low standard of living or high unemployment; aid to promote projects of European interest or to remedy significant turbulence in a MS’s economy, etc.). This article presents the findings of an analysis of state aid policy changes during the financial and economic crisis in the EU, and aims to highlight the main trends in granting state aid in the EU-28 and Romania, as well as the effectiveness of the crisis-related state aid for financial institutions.

Keywords: state aid; European Union; Romania; country studies; comparative country studies (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iem.ro/rem/index.php/itset/article/view/257/326 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:imptrs:v:11:y:2016:id:2822000009590087

Access Statistics for this article

Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT) is currently edited by Simona Moagar Poladian, PhD

More articles in Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT) from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).