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.