EU & Competition: The aid dilemma
When does a state-owned company's investment constitute state aid? The European courts have found themselves ruling on several cases of alleged state aid recently, but the rules of the game are still unclear. Antoine Gosset-Grainville reports
The European Commission (EC) recently approved state-owned company Alitalia’s recapitalisation plan, deeming that there was no state aid involved because the state acted like a private investor. This decision adds new fuel to a debate about how to apply the principle of the ‘market economy private investor’ to public shareholders.
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