Press Release: State aid: crisis-related aid aside, Scoreboard shows continued trend towards less and better targeted aid

The volume of national support to the financial sector taken by banks between October 2008 and 31 December 2010 amounted to around €1.6 trillion (13 % of GDP), the European Commission's autumn state aid scoreboard showed on the 1 December 2011.

The Commission, on the 1 December 2011, prolonged the crisis state aid regime for banks, but clarified its rules on remuneration of recapitalisations and revised its rules on fees for interbank financing guarantees to ensure the State is adequately remunerated

European Commission: Memo/11/858: State aid: Overview of pending decisions and on-going in-depth investigations in the context of the financial crisis http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/858&format=HTML&aged=0&language=EN&guiLanguage=en

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