ANNOUNCEMENT 15 Jan 2009In January 2009, the government of France announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
the letter from the European Commission to France - Brussels 27.2.2009 C(2009) 1448 final. Available from : < http://ec.europa.eu/eu_law/state_aids/comp-2009/n023-09.pdf >
the letter from the European Commission to France - Brussels, 24.01.2011 C(2011)345 final. Available from : < http://ec.europa.eu/eu_law/state_aids/comp-2011/sa32183-2011n.pdf >
On 15 January 2009 the French authorities contacted the European Commission regarding their intention to introduce a temporary state aid scheme to boost the French economy. The French authorities do not specify the budget or the time frame of the regime.
The reason for introducing this scheme is said to be the financial crisis which is starting to affect the French real economy.
"The measure is selective, because the state aid can be granted to only certain companies. The measure confers an advantage to certain beneficiaries by providing public guarantees for loans which would not be available in the absence of the measure, which distorts or threatens to distort competition." (par. 36 of the letter from the European Commission to France - Brussels 27.2.2009 C(2009) 1448 final.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
Update on 24 January 2011:
On 3 January 2011 French authorities contacted the European Commission regarding their intention to extend the current guarantee scheme. The scheme was admitted an extension until 31 December 2011. (C(2011)345 final)