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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.