commiss decis march compat common market state guarante measur restructur larg firm difficulti state guarante scheme länder saxoni anhalt lower saxoni north rhine westphalia rhineland palatin bavaria bremen mecklenburg western pomerania schleswig holstein saxoni german text authent ec commiss european commun regard treati establish european commun subparagraph articl thereof regard commun guidelin state aid rescu restructur firm difficulti paragraph thereof regard comment receiv introduct letter sg august sg august sg novemb sg august sg novemb sg novemb sg novemb sg novemb sg decemb commiss act pursuant articl ec treati propos measur state guarante scheme länder gt tabl gt letter februari german author part proceed pursuant articl comment measur propos accept measur commiss suggest object propos case case notif plan guarante restructur measur includ reorgan consolid project aim larg firm difficulti larg firm defin accord commun guidelin state aid small medium size enterpris sme german author prepar notifi case amount guarante exceed dm million ecu million commiss consid german author posit unaccept commiss publish commun guidelin state aid rescu restructur firm difficulti state award aid rescu restructur larg firm difficulti notifi individu guidelin make oblig notifi subject threshold term volum aid amount guarante commiss view guarante larg firm restructur project scheme subject measur prepar pursuant articl longer compat common market march decid initi proceed pursuant articl treati point commiss letter sg august refer decis juli dealt lower saxoni guarante scheme propos guarante measur restructur larg firm difficulti notifi individu origin author scheme requir notif import case case involv guarante loan ecu million enterpris employe employe sensit industri articl proceed concern lower saxoni scheme german govern inform decis initi articl proceed letter sg april letter publish offici journal european commun bring attent member state interest parti letter notic offici journal ask german govern member state interest parti submit comment month ii comment receiv german author submit comment matter discuss meet german author novemb comment receiv member state interest parti ii german author comment comment put forward februari commiss propos measur pursuant articl german govern unabl fulli subscrib suggest individu notif case guarante measur restructur firm difficulti larger sme defin commun guidelin sme propos test irrespect size locat firm threshold guarante deem author individu notif commiss threshold suggest set dm million ecu million govern argu guarante larg natur insur doubt constitut state aid default rate span customari bank cover commiss paid studi carri baden württemberg author autumn found annual default rate guarante guarante liquid assist scheme land period liabil conting uncertain time guarante offset charg sum guarante firm creditworthi investig independ consult strict legisl govern länder financ requir guarante loan normal commerci circumst assuredli repaid rule bank left conting liabil true guarante restructur firm difficulti higher aid intens guarante purpos higher risk default intens guarante great deal lower form aid comment submit part articl proceed german govern observ decid initi proceed commiss assum firm necessarili difficulti bank longer prepar extend loan risk obtain credit guarante govern maintain obligatori notif case understood commiss deduc unaccept ground set letter februari govern argu exist guarante scheme germani base principl state guarante firm obtain credit provid suffici secur kind normal bank mere fact produc secur competit supposit enterpris necessarili difficulti obtain bank loan state guarante touch realiti bank lend larg determin bank willing risk regulatori limit lend healthi firm hope expand capit unabl financ reason plan expans busi true medium size firm fall govern consid restrict limit set commun guidelin sme unlik larg enterpris troubl obtain credit gener narrow capit base meant bank reluct advanc fund guarante scheme import case firm kind unabl advantag opportun develop fact develop stimul competit prevent market share larg group govern stress guarante involv contribut state capit provid normal commerci term replac collater firm offer bank secur found insuffici difficult govern accept assum larg healthi compani obtain loan need financi market true small medium size famili busi small compani fell term commun guidelin sme govern repeat view threshold introduc limit grant equival guarante germani aid compon set threshold born mind addit administr burden individu notif time deal case reason proport intens aid impact guarante competit commun talk place novemb german govern put forward argument reiter demand introduct threshold emphas administr burden delai caus individu notif iii assess commiss set approach rescu restructur aid commun guidelin state aid rescu restructur firm difficulti publish decemb guidelin essenti confirm bodi practic built commiss decis case aid ail firm commiss eighth report competit polici point eighth competit report commiss state case rescu aid restructur aid commiss requir signific case applic notifi advanc guidelin spell oblig aid rescu restructur larg firm notifi individu paragraph subparagraph aid rescu restructur larg firm individu notif award requir paragraph subparagraph german version eighth competit report term english version restructur aid begleitbeihilf guidelin speak umstrukturierungsbeihilf restrukturierungsbeihilf chang mean guidelin defin larg firm fall definit sme paragraph paragraph definit sme refer uniform definit sme state aid control purpos commun guidelin state aid small medium size enterpris sme paragraph firm difficulti defin guidelin unabl recov resourc rais fund sharehold borrow paragraph subparagraph commiss comment place financi weak firm rescu govern receiv restructur gener due poor past perform dim futur prospect typic symptom deterior profit increas size loss diminish turnov grow inventori excess capac declin cash flow increas debt rise interest charg low net asset acut case compani insolv liquid guidelin defin concept restructur paragraph fourth subparagraph part feasibl coher reach plan restor firm long term viabil restructur plan orderli transit firm structur viabl long term prospect enabl oper strength resourc requir state assist restructur divid physic restructur reorgan ration firm activ financi restructur capit inject debt reduct initi present proceed commiss made express refer notic decemb publish guidelin german govern appear correspond cast doubt classif guarante state aid argu larg natur insur aid intens low default rate low cover commiss charg line normal bank practic claim guarante compris aid compon commiss take view guarante provid firm constitut aid test satisfi firm financi sound posit firm obtain privat sector loan state guarante guarante provid payment firm premium usual commerci rate remuner risk incur lender privat loan durat compar term take account beneficiari financi posit sector activ prospect secur put loan guarante limit size durat link specif financi transact event default contract guarantor entitl recov balanc due sale asset own beneficiari liquid guarante measur restructur larg firm difficulti subject present proceed satisfi test undertak financi posit unsound refer subsidiar principl provid firm obtain loan unabl provid accept bank secur german govern letter commiss view doubt guarante subject articl proceed constitut state aid caught articl guarante enabl firm obtain financ prevent disappear market disappear shutdown capac vacat market share occupi competitor event competitor improv profit scheme issu rule provis guarante firm trade border commun conclud affect trade member state commiss consid aid intens guarante loan ail firm measur term default rate post success restructur time loan grant strong possibl borrow insolv guarante sum guarante commiss consid charg paid scheme german govern letter februari amount sum guarante suffici offset forese default rate letter amount baden württemberg doubt default rate observ baden württemberg necessarili duplic länder länder german author argu guarante provid normal commerci term serv replac collater offer firm concern bank secur insuffici difficult evalu argument contradict artifici place beneficiari segment market classifi fact close reason insur argument tenabl case ail firm concern sum commiss continu guarante measur restructur firm difficulti constitut state aid restructur firm judg accord commun guidelin subject formal statement german govern assert commenc procedur commiss premis busi necessarili difficulti bank longer prepar extend loan risk credit grant product guarante govern believ commiss deduc oblig notifi case commiss fail understand assert support read letter announc initi articl proceed proceed concern larg firm proceed concern guarante restructur project proceed concern firm difficulti letter refer expressli commun guidelin state aid rescu restructur firm difficulti concept firm difficulti guidelin clear explicit refer point definit guidelin firm difficulti unabl recov resourc rais fund sharehold borrow decis factor present case firm recov commiss understand german govern view commiss formul propos measur refer introduct stage claim necessarili state aid firm difficulti guarante provid loan financ initi invest bank longer prepar lend firm risk interest clariti commiss make point paragraph annex principl coordin region aid system defin initi invest invest fix asset creation establish extens exist establish engag activ involv fundament chang product product process exist establish mean ration restructur modern invest fix asset takeov establish close close takeov place deem initi invest propos measur commiss note guarante scheme form subject measur guarante loan intend financ initi invest includ invest fix asset engag activ involv fundament chang product product process exist establish mean ration restructur modern invest fix asset takeov establish close commiss observ appear difficult draw distinct measur restructur firm difficulti includ consolid reorgan project project invest exist establish mean ration restructur modern difficulti compound takeov exist establish close close secur guarante combin ration restructur modern invest cover guarante commiss argu larg firm concern satisfi class guarante fundament chang takeov establish close threaten closur element state aid restructur firm difficulti commiss propos measur pursuant articl ec treati german author notifi case guarante loan larg firm intend financ invest fix asset view activ involv fundament chang product product process exist establish mean ration restructur modern financ invest takeov establish close close takeov place lower saxoni scheme affect german govern accept propos point bb letter februari propos discuss talk part proceed pursuant articl present proceed pursuant articl concern notif individu case guarante provid measur restructur firm larger sme difficulti includ consolid reorgan project point dd german govern letter februari commiss letter sg april inform german author commiss initi articl proceed commiss expressli state proceed concern aspect regard aspect dealt measur reject govern letter februari commiss consid detail examin govern comment spell posit aspect observ german govern made letter posit firm obtain bank loan state guarante healthi firm narrow capit base summar point irrelev present articl proceed propos put forward german govern letter februari threshold dm million individu notif compat commun guidelin state aid rescu restructur firm difficulti explain point commiss polici aid firm difficulti call individu notif aid relev kind provid larg firm decis commiss confirm approach introduct guidelin commiss emphas comprehens firm control state aid singl market paragraph appli forc aid firm difficulti aid neutral normal market select mechan vital factor mainten european economi competit market suffer overcapac ensur cost effect firm forc market effici expand activ market share intern case extern trade aid firm difficulti effect penal effici firm lower profit narrow opportun develop effici firm recogn restructur good time complet financ restructur process depriv fruit effort state aid direct restructur competitor medium term exist threaten success state aid restructur oper compet enterpris altogeth long term danger competit european economi aris result excess resort state aid firm difficulti specif danger subsidi race local region nation author individu countri commun reason commiss attach import care monitor restructur aid complianc fundament test accept restructur aid set guidelin viabl restructur plan submit implement restor firm competit reason period aid limit strict minimum need enabl restructur undertaken advers effect competitor offset involv capac closur case progress monitor continu basi annual report commiss take view larg firm rule involv cross border trade vet aid interest competitor carri case case basi commiss order ensur firm member state size bracket special import cross border trade treat equal stringenc requir appli relat question assess market gener reason sme commiss prepar author scheme assist rescu restructur purpos state paragraph guidelin explain paragraph guidelin restrict approach restructur aid sme aid firm small medium size categori affect trade condit larg firm harm competit offset econom benefit commiss refer paragraph guidelin sme commiss feel introduct threshold unreason reason believ larg firm difficulti gener substanti amount aid restructur oper small scale restor competit enterpris long term restructur aid kind commiss view incompat common market excess small scale measur initi envisag conceal danger repeat packag restructur aid requir success instal small scale aid tend degener continu oper aid firm underli structur problem address commiss observ point appear difficult draw distinct measur restructur larg firm difficulti includ consolid reorgan project project initi invest exist establish mean ration restructur modern difficulti compound takeov exist establish close close secur guarante combin ration restructur modern invest cover guarante accord bodi practic commiss built decis aid initi invest larg firm admiss region develop area scope articl ec treati vet individu case notifi restructur aid larg firm ensur initi invest larg firm good health receiv assist scheme intend firm difficulti commiss consid state aid caught articl treat form take guarante constitut state aid posit procedur form state aid larg firm difficulti principl import commiss inform loan guarante form aid frequent member state special treatment guarante justifi ground post aid intens low point commiss view aid compon guarante firm difficulti amount loan guarante make precis small burden impos public budget takeup guarante distort effect guarante competit strong term economi comparison direct cash grant guarante scheme effect instrument state econom polici call vigil firm difficulti german author sought justifi level propos dm million threshold competit ground offer explan dm million upward guarante distort competit affect trade extent justifi individu vet pragmat argument administr burden refer notifi hundr case help organiz prepar scrutini aid releas commiss oblig protect competitor commiss awar administr burden impos individu notif restructur aid larg firm difficulti delai ensu paragraph guidelin undertook make effort decis quickli expressli suggest wai member state avoid unnecessari delai iv applic initi articl proceed commiss note initi procedur refus appli measur propos member state lawfulli continu grant aid issu procedur pend adopt final decis commiss mean final decis present member state allow reason time adapt arrang oper lawfulli past rapid decis restructur case import avoid jeopard posit firm appli aid exist rule expect forese made aid scheme commiss take view requir satisfi individu notif oblig restructur project larg firm take effect juli appli case formal applic guarante receiv respons author june adopt decis articl guarante scheme länder saxoni anhalt north rhine westphalia rhineland palatin bavaria bremen mecklenburg western pomerania schleswig holstein saxoni incompat common market provid provis guarante measur restructur larg firm difficulti includ reorgan consolid project advanc notif commiss individu case guarante scheme provid measur restructur larg firm difficulti notifi commiss accord articl ec treati enabl establish compat common market articl decis appli effect juli guarante measur restructur larg firm difficulti includ reorgan consolid project guarante scheme länder saxoni anhalt north rhine westphalia rhineland palatin bavaria bremen mecklenburg western pomerania schleswig holstein saxoni formal applic guarante receiv june offic applic submit articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel march commiss karel van miert member commiss oj oj oj oj