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State Aid Scoreboard 2015 > Aid in the context of the financial and economic crisis

The global financial crisis had major impact on financial institutions in the EU. To reduce the adverse effects of the crisis and restore confidence, EU governments provided State aid to financial institutions.

The 2015 scoreboard shows that State aid in the years 2008-2014, by aid instrument. The data include both the maximum amounts of aid that EU Member States were allowed to grant (State aid approved) and the amounts of aid actually implemented (State aid used).

State aid approved (2008 - 2014, EUR billion)

State aid used (2008 - 2014, EUR billion)

It is important to note that only a part of the approved State aid has actually been used. This is particularly true for aid in the form of guarantees on liabilities and other liquidity measures, as summarised in the table below.

Total amounts of state aid approved and used, EU-28 (2008-2014)

Aid instrument

Amounts of State aid approved

Amounts of State aid used

EUR billion

% 2014 EU GDP

EUR billion

% 2014 EU GDP

Recapitalisations

802.1

5.7

453.3

3.2

Impaired asset measures

603.3

4.3

188.5

1.4

Guarantees on liabilities[1]

3,249.0

23.3

1,188.1

8.5

Liquidity measures, other than guarantees on liabilities[2]

229.7

1.6

105.0

0.8



[1] Amounts of aid approved and used are the maximum outstanding (annual) amounts during the period of 2008-2014.

[2] Amounts of aid approved and used are the maximum outstanding (annual) amounts during the period of 2008-2014.

Adding to this are Eurostat data on fiscal revenue and expenditure, resulting from the support for financial institutions during the crisis. More specifically, revenue from dividends can be compared to State aid provided in the form of capital-like instruments (recapitalisations and impaired assets measures). Similarly, guarantee fees and the amount of guarantees called can be compared to the stock of guarantees, whilst interest received can be compared to the stock of other liquidity measures.

Total amounts of crisis-related fiscal revenue and expenditure, EU-28 (2008-2014)

 

EUR billion

% 2014 EU GDP

Revenue

Dividends

15.0

0.1

Guarantee fees

40.3

0.3

Interest

67.4

0.5

Expenditure

Guarantees called

3.9

0.03

For details on methodology, including conceptual differences with the Eurostat data, please refer to Methodological remarks.

 

  
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