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

The European Commission's 2012 State Aid Scoreboard has revealed that the volume of national support to the financial sector actually taken by banks between October 2008 and 31 December 2011 amounted to around €1.6 trillion (13% of EU GDP). The bulk (67%) came in the form of State guarantees on banks' wholesale funding. Support to the real economy on the basis of temporary crisis rules dropped to €4.8 billion in 2011, a fall of more than 50% compared with 2010, reflecting both a low uptake by companies and the budgetary constraints of most EU Member States.

European Commission: DG Competition: State Aid Scoreboard, Reports and Studies http://ec.europa.eu/competition/state_aid/studies_reports/studies_reports.html

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