European Commission announces comprehensive overhaul of EU State aid control process, fiscal State aid a priority area

EU direct tax group newsflashes ()

On 2 February 2012, in a surprise announcement at the first high-level European Competition Forum in Brussels, EU Competition Commissioner Joaquín Almunia announced that the Commission will overhaul the current EU State aid control process. The move is part of the EU’s comprehensive strategy to exit the financial, economic and sovereign debt crises by focusing on better use of public finances and reinvigorating the Internal Market.