Europe’s control of public aid: good or bad for industry?

By Sarah Guillou

Following a meeting of the Ministers of Industry in Brussels on 20 February 2014, Arnaud Montebourg criticized the European Commission’s control of aid, which he considers too strict at a time when industry needs assistance. He wants aid for energy-intensive industries to receive an exemption due to competition from US companies that have much lower energy costs (estimated, on average, at one-third of the cost in Europe). More generally, Arnaud Montebourg was very critical of Joaquin Almunia, the European Commissioner for Competition. So is the Minister of Industrial Renewal (Redressement productif) right to castigate the control of State aid by the European Commission? Continue reading “Europe’s control of public aid: good or bad for industry?”

Share Button