Strasbourg, 16/02/2006 (Agence Europe) - By adopting the own initiative report of Gunnar Hökmark (EPP-ED, Sweden), the European Parliament has given its support to the European Commission's objective of granting less and better targeted state aid as part of its action plan on state aid reform (EUROPE 8963). MEPs acknowledge that aid can “create significant market distortions” and should be an “instrument of last resort”. Nonetheless, they still emphasise its usefulness in the...