Conferences and Speeches
"Competition policy for innovation and growth: Keeping markets open and efficient"
European Competition and Consumer Day, Copenhagen, Joaquín Almunia
8 March 2012
"The time has come to find a better balance between austerity policies and the promotion of growth and jobs". (...)
We need to fully tap the potential of a broader and deeper internal market and push forward the Europe 2020 strategy". (…)
Competition policy can leverage the internal market, which is our most efficient – and underutilised - engine of growth".
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Commission orders recovery of €642 million in unlawful aid paid to Sernam
9 March 2012
The Commission concluded that the conditions governing the authorisation of €503 million of restructuring aid for Sernam have not been met and that the aid is incompatible with EU state aid rules.
The Commission's investigation also revealed that the privatisation of Sernam has resulted in fresh aid of nearly €100 million. This aid comes on top of the €41 million in aid deemed incompatible in a previous decision of October 2004, which has not yet been recovered.
All these subsidies have given Sernam an unfair economic advantage over its competitors and they must be repaid in order to allay the distortion of competition they have provoked in the internal market.
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Commission authorises France and Italy to grant aid to Eurocopter and Agusta Westland for the development of a new generation of civil helicopters
7 March 2012
The Commission has authorised France and Italy to grant aid for research and development (R&D) to two European helicopter manufacturers (Eurocopter in France and Agusta Westland in Italy) for the development of new, innovative, medium-weight aircraft.
The Commission found that these measures are compatible with the EU rules on state aid, particularly as the planned public funding is justified, proportionate and without risk for competition.
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