Managing the Financial Crisis in Europe: Why Competition Law is Part of the Solution, Not of the Problem

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Damien Gerard, Dec 15, 2008

EU Competition Commissioner Kroes likes to use catchphrases to encapsulate policy statements. Since early October, one of her favorite lines is that competition law, and State aid law in particular, is part of the solution to the financial crisis, not part of the problem. Understand: competition rules do not stand in the way of a solution to the crisis, they are part of that solution. She used it for th