European Commission could challenge loans made by state bodies

European Commission could challenge loans made by state bodies

The Master of the High Court, Edmund Honohan has said loan sales from state-controlled financial institutions could be open to a state aid challenge in the future.

Mr Justice Honohan, who was speaking on the Reboot Republic podcast, said the tests the European Commission (EC) uses to determine whether a body is a state body, or whether a body is giving state aid, is “not as clear cut as [junior finance] Minister [Patrick] O’Donovan thinks”....

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