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The Current Financial Crisis and State Aid in the European Union: Has It Been Timely and Appropriate?

BY | December 11, 2008

This article is part of a Chronicle. See more from this Chronicle Abel Mateus, Dec 15, 2008 We are in the middle of the worst financial and economic crisis since…

This article is part of a Chronicle. See more from this Chronicle

Abel Mateus, Dec 15, 2008

We are in the middle of the worst financial and economic crisis since the Great Depression. In this paper, I argue that aggressive and timely state aid and intervention are required. The Commission has acted on the measures notified by the Member States in a fast and adequate manner, and has issued generally appropriate guidance, according to a benefit-cost analysis. But this was the response to the first

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