Press Release: State aid: latest Scoreboard shows Member States moving towards better targeted aid

The European Commission's latest State Aid Scoreboard showed that Member States are increasingly using the possibilities offered by the recently revised EU state aid rules to better target their aid. Member States awarded on average 80% of their aid to horizontal objectives in 2007, compared with around 50% in the mid-1990s with increased spending on R&D and environmental aid. Faced with the current financial crisis, coordinated action by Member States and the Commission has ensured that support schemes for the financial sector could be implemented quickly in compliance with EU state aid rules.

European Commission: MEMO/08/717: State aid: Overview of national rescue measures and guarantee schemes http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/717&format=HTML&aged=0&language=EN&guiLanguage=en

---