On Monday 13 October, the European Commission took the view that the State aid rules relating to State guarantees remain “relevant” as they enhance legal certainty, even if certain improvements and simplifications are “necessary”.
According to a working document from the EU institution, the June 2008 Communication (COM(2008)155) on State guarantees provides added value in that: - it provides a predictable framework for approving the guarantee methods developed by Member States; and...