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Europe Daily Bulletin No. 8081

29 October 2001
Contents Publication in full By article 19 / 43
GENERAL NEWS / (eu) eu/state aid
Commissioner Monti says tax incentives for Italian banks are state aid

Brussels, 29/10/2001 (Agence Europe) - In a press release on Monday, European Competition Commissioner Mario Monti commented on the current examination of tax incentives for the restructuring of the banking sector in Italy, adding that his services had reached the conclusion that this is not compatible with the EU state aid rules and he would therefore be proposing that the Commission reject them. "The measures in question provide a discriminatory competitive advantage to the banks". The...

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