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Thread: Thomas Cook

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  1. #1

    Re: Thomas Cook

    Yes I am...just READ the links fully. If you think I am wrong, tell me on what basis...ie links that say individual countries CAN bail out companies.,f

  2. #2

    Re: Thomas Cook

    Quote Originally Posted by Maurice Swan View Post
    Yes I am...just READ the links fully. If you think I am wrong, tell me on what basis...ie links that say individual countries CAN bail out companies.,f
    You are wrong - the rules on state aid are usually used to stop states conferring an advantage to for example a manufacturer based in their borders at the detriment of competition to other manufacturers i.e. if we offered a subsidy on all cars made in the UK but not elsewhere in Europe.
    Offering a secured loan to help an ailing business through a cashflow crisis wouldn't fall into the same category.

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