Kroes: State Aid Action Plan “My Top Priority”

Law360, New York (June 23, 2006, 12:00 AM EDT) -- European Competition Commissioner Neelie Kroes announced reforms Friday to the European Union’s policies on state aid aimed at fostering innovation. Kroes said she hoped the reforms would be implemented by the end of 2006.

“State resources are precious and, if they are not well targeted, they can hinder competition in the market place,” said Kroes. She went on to say that the regulator’s aims were to increase consistency in state aid regulation, cut down on bureaucracy and use economic analysis to deploy aid where it’s needed...
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