The Commission's in-depth investigation of the Greek measures in favour of HDS has concluded that: The vast majority of Greek measures for HDS fall outside scope of EU State aid
control because they served Greek security interests.
Moreover, the EC has made clear its state aid
investigations are focused not just on whether a ruling or APA process itself constitutes state aid
but also on whether the substantive tax treatment applied to particular taxpayers constitutes state aid
As a general rule, the Treaty on the Functioning of the European Union prohibits state aid
, while it leaves some room for certain policy objectives for which state aid
can be considered compatible with the internal market.
The 50-page text explains the different elements that constitute state aid
as defined by the treaty (Article 107.
Ms Caiach said: "There are strict EU rules as to how much any arm of government, including councils, can give to private companies called the EU state aid
If the repayment does not materialise, the government would have the right to convert the state aid
into equity and nationalise the bank.
The Germans, with some Spanish and Polish help, had insisted that non-renewal of the special state aid
regime would force closure of uncompetitive hard coal mines.
The Dutch group, a top 10 life insurer in the United States where it owns TransAmerica, received 3 billion euros in state aid
during the height of the credit crisis in October 2008.
The official position is that "in the aggregate, dries, towns and schools receive more direct state aid
in this budget than in the last one.
It demonstrates that state aid
control is not an obstacle to protecting the interests of depositors and promoting financial stability.
A company being offered a state aid
package should confirm with the member state concerned that the Commission will have no problem with the package.
STRONG PROGRAM MECHANICS: The structure of the program provides for full and timely payment of debt service from state aid
payments to participating school districts through direct deposit of monthly state aid
payments to a trustee.