Bloomberg News

EU to Up Scrutiny on Public-Service Subsidies Over EU15 Million

December 20, 2011

Dec. 20 (Bloomberg) -- European Union regulators plan to increase scrutiny for public services that receive subsidies of more than 15 million euros ($19.6 million) a year under proposed rules published today.

The European Commission may also exempt social services from state-aid scrutiny and may not require EU aid reviews for public services that receive less than 500,000 euros from governments over three years, according to an e-mailed statement today. The EU plans to introduce the updated rules next year.

--Editor: Christopher Scinta

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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