Press conference by Joaquín Almunia on State Aid modernisation: extracts
On 8 May 2012, Joaquín Almunia, Vice-President of the EC in charge of Competition, gave a press conference on the launch of State Aid Modernisation (SAM), in Brussels.
The European Commission has adopted a Communication on SAM, setting out the objectives of an ambitious reform package. In the broader context of the EU's agenda to foster growth, state aid policy should focus on facilitating well-designed aid targeted at market failures and objectives of common European interest. The Commission also aims at focusing its enforcement on cases with the biggest impact on the internal market, streamlining rules and taking faster decisions. The Communication identifies a number of actions with a view to implementing these objectives. The main elements of the reform shall be in place by the end of 2013. SHOTLISTLINKLINK