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Commission releases draft Communication on state aid for short-term export credit insurance

By  |  July 1, 2012

The European Commission is inviting public comment on its draft Communication on state aid for short-term export credit insurance. The rules were first created in 1997, and are set to expire on December 31, 2012. The Commission reviewed the rules in light of the 2009-2011 financial crisis. The draft identifies market failures justifying public support, conditions for the provisions of export-credit insurance for marketable risks, and procedural issues.

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    Comments on the draft will be accepted by September 21.

    Full content: EC Press Release

     

    Related content: Stability and Competition in EU Banking During the Financial Crisis: The Role of State Aid Control

     

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