5 ms·

Aren't state aids forbidden in the EU?

by znpy 7y ago

goatinaboat 7y ago
She who pays the piper calls the tune
- leadingthenet 7y ago
  That “she” is very forced.
  - asdff 7y ago
    Ye?
    - gumby 7y ago
      No need to be so formal!
  - gumby 7y ago
    I assume it’s a Merkel reference.
  - goatinaboat 7y ago
    Not at all, “she” is Angela Merkel. EU policy on anything, no matter what was previously written down, is whatever she wants it to be because Germany pays all the EU’s bills. I see at least 4 people didn’t get it either, Americans are so insular.
    - leadingthenet 7y ago
      I'm not American, it's just a common expression that starts with "he", not "she". I guess I should've paid more attention to the context...
MrAlex94 7y ago
> A company which receives government support gains an advantage over its competitors. Therefore, the Treaty generally prohibits State aid unless it is justified by reasons of general economic development. To ensure that this prohibition is respected and exemptions are applied equally across the European Union, the European Commission is in charge of ensuring that State aid complies with EU rules. https://ec.europa.eu/competition/state_aid/overview/index_en.html https://ec.europa.eu/competition/state_aid/overview/index_en...
dirtydroog 7y ago
Historically, only if the company wasn't French. Now it seems it's a free-for-all, unsurprisingly.
jotm 7y ago
Not for bailouts of struggling business (of special importance) if I understand it correctly.
- econcon 7y ago
  How is it not unfair advantage? If you let a business keep trying again and again, yes it offers unfair advantage over companies in other countries which might not have funds to support their companies. One who flies the highest, falls the highest - these companies remain unaffected by small cities but when large one strucks these are getting bailed out.
Flip-per 7y ago
Not at all. Even the ECB is buying company bonds since the financial crisis. The first "source" I found is in German only unfortunately: https://de.wikipedia.org/wiki/Wertpapierkaufprogramme_des_Eurosystems https://de.wikipedia.org/wiki/Wertpapierkaufprogramme_des_Eu...

Aren't state aids forbidden in the EU?

by znpy 7y ago

Aren't state aids forbidden in the EU?

goatinaboat 7y ago

She who pays the piper calls the tune

leadingthenet 7y ago
That “she” is very forced.
- asdff 7y ago
  Ye?
  - gumby 7y ago
    No need to be so formal!
- gumby 7y ago
  I assume it’s a Merkel reference.
- goatinaboat 7y ago
  Not at all, “she” is Angela Merkel. EU policy on anything, no matter what was previously written down, is whatever she wants it to be because Germany pays all the EU’s bills. I see at least 4 people didn’t get it either, Americans are so insular.
  - leadingthenet 7y ago
    I'm not American, it's just a common expression that starts with "he", not "she". I guess I should've paid more attention to the context...

MrAlex94 7y ago

> A company which receives government support gains an advantage over its competitors. Therefore, the Treaty generally prohibits State aid unless it is justified by reasons of general economic development. To ensure that this prohibition is respected and exemptions are applied equally across the European Union, the European Commission is in charge of ensuring that State aid complies with EU rules. https://ec.europa.eu/competition/state_aid/overview/index_en.html https://ec.europa.eu/competition/state_aid/overview/index_en...

dirtydroog 7y ago

Historically, only if the company wasn't French. Now it seems it's a free-for-all, unsurprisingly.

jotm 7y ago

Not for bailouts of struggling business (of special importance) if I understand it correctly.

econcon 7y ago
How is it not unfair advantage? If you let a business keep trying again and again, yes it offers unfair advantage over companies in other countries which might not have funds to support their companies. One who flies the highest, falls the highest - these companies remain unaffected by small cities but when large one strucks these are getting bailed out.

Flip-per 7y ago

Not at all. Even the ECB is buying company bonds since the financial crisis. The first "source" I found is in German only unfortunately: https://de.wikipedia.org/wiki/Wertpapierkaufprogramme_des_Eurosystems https://de.wikipedia.org/wiki/Wertpapierkaufprogramme_des_Eu...