State aid in banking sector
The financial crisis has hit Europe with a truly unprecedented power, which has in early 2008 expected only a very small circle of pessimists. After the first cracks began to appear on the mortgage market in the U.S., however, started an avalanche that rolls until today. In today’s globalized world,...
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| Format: | Article |
| Language: | English |
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Mendel University Press
2012-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/60/2/0207/ |
| _version_ | 1819078341523668992 |
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| author | Jana Mikušová |
| author_facet | Jana Mikušová |
| author_sort | Jana Mikušová |
| collection | DOAJ |
| description | The financial crisis has hit Europe with a truly unprecedented power, which has in early 2008 expected only a very small circle of pessimists. After the first cracks began to appear on the mortgage market in the U.S., however, started an avalanche that rolls until today. In today’s globalized world, it would be very naive to believe that this would not have an impact on the European Union internal market.With the crisis in the banking sector, the Member States of the European Union fought against the crisis in various ways. Allocation of the state aid in the first months of the crisis took place within the existing rules, yet it was necessary to enclose these huge expenditures by rules and regulations issued by the European Commission.This article discusses the types of state aid, which were used at the time from the first wave of state aid granted by Member States from 2008 to 2010 and also assess the current situation together with the evaluation of the approach of the European Commission. |
| first_indexed | 2024-12-21T19:11:33Z |
| format | Article |
| id | doaj.art-9da28cd75da54554bb01c87ed00cb507 |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-12-21T19:11:33Z |
| publishDate | 2012-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-9da28cd75da54554bb01c87ed00cb5072022-12-21T18:53:12ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102012-01-0160220721010.11118/actaun201260020207State aid in banking sectorJana Mikušová0Ústav práva a humanitních věd, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republikaThe financial crisis has hit Europe with a truly unprecedented power, which has in early 2008 expected only a very small circle of pessimists. After the first cracks began to appear on the mortgage market in the U.S., however, started an avalanche that rolls until today. In today’s globalized world, it would be very naive to believe that this would not have an impact on the European Union internal market.With the crisis in the banking sector, the Member States of the European Union fought against the crisis in various ways. Allocation of the state aid in the first months of the crisis took place within the existing rules, yet it was necessary to enclose these huge expenditures by rules and regulations issued by the European Commission.This article discusses the types of state aid, which were used at the time from the first wave of state aid granted by Member States from 2008 to 2010 and also assess the current situation together with the evaluation of the approach of the European Commission.https://acta.mendelu.cz/60/2/0207/state aidbanking sectorcrisisEuropean Union |
| spellingShingle | Jana Mikušová State aid in banking sector Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis state aid banking sector crisis European Union |
| title | State aid in banking sector |
| title_full | State aid in banking sector |
| title_fullStr | State aid in banking sector |
| title_full_unstemmed | State aid in banking sector |
| title_short | State aid in banking sector |
| title_sort | state aid in banking sector |
| topic | state aid banking sector crisis European Union |
| url | https://acta.mendelu.cz/60/2/0207/ |
| work_keys_str_mv | AT janamikusova stateaidinbankingsector |