This paper refers to the analysis of state aids granted by member states to financial institutions in the European Union, in the context of the current worldwide financial crisis. In order to test the present framework established by the European Commission from 2008 and its real practice, we...

As the general economic context created by exacerbation of the global financial crisis has heavily affected the European Union (EU) banking sector, taking into account the systemic nature of this sector and its importance for the European economy, substantial government support took off, in the...

Governments throughout the world responded to the financial crisis of 2008-2009 by granting massive bailouts to their largest and most interconnected banks. In most jurisdictions, financial stability took precedence over all other policy concerns, which meant that competition policy was...

The global economic crisis has brought about the need for States’ involvement to rescue many business entities from bankruptcy, initially in the financial sector, and at a later stage of the crisis in the real economy. In the countries of the European Union, these measures take the form of...

The recent financial crisis has posed tremendous challenges for the European Commission's state aid policy and questioned whether the European state aid rules should be applied rigorously to the financial sector in times of severe economic crises. In this paper I conclude that the financial...