The principle underpinning EU state aids rules is that efficient operation of the single market is undermined by Government interventions except for clearly defined circumstances such as market failures. However Article 107 of the Treaty states that the Commission “may declare compatible with the common market aid ‘to remedy a serious disturbance in the economy of a Member State”. Brexit is not just a single market phenomenon. It is a fracture and thus a serious disturbance to the Irish economy…..hence a different approach required to remedy this disturbance.
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