Press Release: State aid: Commission launches major initiative to modernise state aid control

The European Commission has adopted a Communication on State Aid Modernisation (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.

• Primary Source

European Commission: Speech/12/339: Joaquín Almunia: State Aid Modernisation http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/12/339&format=HTML&aged=0&language=EN&guiLanguage=en

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