The European Commission has the legal powers and resources to control State Aid to financial institutions, but it has not always been able to make full use of them, according to a report by the European Court of Auditors published on Thursday 1st October.
The auditors sought to establish whether, between August 2013 - when the last Banking Communication was adopted - and the end of 2018, the Commission had adequately exercised its control to ensure that State Aid remains exceptional and...