EUROPEAN COMPETITION LAW ANNUAL 1999: Selected Issues in the Field of State Aid EUROPEAN COMPETITION LAW ANNUAL: 1999 Selected Issues in the Field of State Aid Edited by Claus-Dieter Ehlermann and Michelle Everson •HART- PUBLISHING OXFORD - PORTLAND OREGON 2001 Hart Publishing Oxford and Portland, Oregon Published in North America (US and Canada) by Hart Publishing c/o International Specialized Book Services 5804 NE Hassalo Street Portland, Oregon 97213-3644 USA Distributed in the Netherlands, Belgium and Luxembourg by Intersentia, Churchillaan 108 B2900 Schoten Antwerpen Belgium © The contributors severally 2001 The contributors severally have asserted their right under the Copyright, Designs and Patents Act 1988, to be identified as the authors of this work Hart Publishing is a specialist legal publisher based in Oxford, England. To order further copies of this book or to request a list of other publications please write to: Hart Publishing, Salter's Boatyard, Folly Bridge, Abingdon Road, Oxford 0X1 4LB Telephone: +44 (0)1865 245533 or Fax: +44 (0)1865 794882 e-mail: [email protected] WEBSITE: http/Avww.hartpub.co.uk British Library Cataloguing in Publication Data Data Available ISBN 1-84113-224-1 (hardback) Typeset by Hope Services (Abingdon) Ltd. Printed and bound in Great Britain on acid-free paper by Page Bros., Norwich CONTENTS List of Participants vii List of Sponsors ix Table of Cases xi Table of Treaties and Legislation xv Abbreviations xix INTRODUCTION xxi PANEL ONE: JUSTIFICATIONS FOR STATE AIDS Opening Statement by Karel Van Miert 3 1 Panel Discussion 15 2 Working Papers I Pierre Buigues 49 II John Fingleton 57 III Jordi Gual 77 IV Anne Houtman 91 V Patrick Low 103 VI Patrick Messerlin 123 VII Fiorella Padoa-Schioppa Kostoris in cooperation with Sascia Lubicz 133 VIII Patrick Rey 141 IX Paul Seabright 149 X Fabienne Ilzkovitz, Roderick Meiklejohn and Jan Horst Schmidt 155 PANEL TWO: PROBLEMS ARISING FROM STATE AIDS IN THE BANKING SECTOR 1 Panel Discussion 177 2 Working Papers I Colin Bamford 203 II Jacques Bourgeois 209 III Marc Dassesse 227 IV Charles Ilako 231 V Christian Koenig 239 VI Asger Petersen 255 VII Gian Michele Roberti 277 VIII Wulf-Henning Roth 291 IX Mario Sarcinelli 305 vi Contents X Alfonso Papa Malatesta 323 XI Uwe H. Schneider 359 XII Michael Schiitte 375 XIII Peter Schiitterle 393 XIV Romano Subiotto 401 XV Antoine Winckler 433 XVI Giuseppe Zadra 461 PANEL THREE: THE PROSPECTS FOR THE DECENTRALISATION OF EU STATE AID CONTROL 1 Panel Discussion 469 2 Working Papers I Alec Burnside 505 II Gerardo Carneroli 515 III Jonathan Faull 523 IV Mauro Grande 535 V A.J.E. Havermans 553 VI Walter Hellerstein 577 VII Gary N. Horlick 593 VIII Matthew Schaefer 605 IX Tihamer Toth 647 BIBLIOGRAPHY 667 INDEX 679 LIST OF PARTICIPANTS Giuliano Amato (Presidente del Consiglio, Rome, Italy) Colin Bamford (Chief Executive, Financial Law Panel Limited, London, UK) Jacques Bourgeois (Partner, Akin, Gump, Strauss, Hauer & Feld, Brussels, Belgium Pierre Buigues (Head of Unit, DG-III of the European Commission, Brussels, Belgium) Alec Burnside (Partner, Linklaters & Paines Brussels, Belgium) Gerardo Carnerolli (President, European Court of Auditor, Luxembourg) Marc Dassesse (Professor, Institute for European Studies, Free University of Brussels, and Partner McKenna & Cuneo) Claus-Dieter Ehlermann (Professor, Dr., Member of the WTO Panel, Geneva Switzerland and Professor of the Robert Schumann Centre, Florence, Italy) Jonathan Faull (Formerly, Deputy Director General, State Aid Control, DG- IV of the European Commission, Brussels, Belgium; now, Press Secretary to the President of the European Commission) John Fingleton (Professor, Department of Economics, Trinity College Dublin, Ireland) Mauro Grande (Head of Prudential Supervision Division, European Central Bank, Frankfurt, Germany) Jordi Gual (Professor, IESE, University of Navarra, Barcelona, Spain) A.J.E. Havermans (Member of the Board of Netherlands Court of Auditors, The Hague, Netherlands) Walter Hellerstein (Professor, School of Law, University of Georgia, Athens GA, USA) Gary Horlick (Partner, O'Melveny & Myers LLP, Washington D.C., USA) Anne Houtman (Head of Unit, State Aid Policy, DG-IV of the European Commission, Brussels, Belgium) Charles Ilako (Pricewaterhouse Coopers Consultants, London, UK) Christian Koenig (Director, Centre for European Integration Studies, University of Bonn, Germany) viii List of Participants Patrick Low (Director, Office of Director-General WTO, Geneva, Switzerland) Patrick A. Messerlin (Professor, Institut d'Etudes Politiques de Paris, France) Fiorella Padoa-Schioppa Kostoris (Professor, ISAE, Rome, Italy) Alfonso Papa Malatesta (Professor, Cerardi Luiss University, Rome, Italy) Agar Petersen (Former Deputy Director General, State Aid Control, DG-IV, of the European Commission, Brussels, Belgium) Patrick Rey (Professor, Institut d'Economie Industrielle, Universite des Sciences Sociales de Toulouse, France) Gian MicheleRoberti (Partner, Studio Legale Tizzano, Brussels, Belgium) Wulf-Henning Roth (Professor, Dr., Institut fur Internationales Privatrecht und Rechtvergleichung, Bonn, Germany) Mario Sarcinelli (President, Former President, Banca Nazionale del Lavoro, Rome, Italy) Matthew Schaefer (Professor, College of Law, University of Nebraska, USA) Ian Host Schmidt (Director, Economic Evaluation Unit, DG II/E of the European Commission, Brussels, Belgium) Uwe H. Schneider (Professor, Dr., Centre for German and International Law of Financial Services, Guttenberg Universitat Mainz, Germany) Peter Schuetterle (Cr., Secretary General, Energy Charter, Brussels, Belgium) Michael Schutte (Cr., Partner, Bruckhaus, Westrick, Heller Lober, Brussels, Belgium) Paul Seabright (Professor, University of Cambridge, UK) Romano Subiotto (Dr., Partner, Cleary, Gottlieb, Steen & Hamilton, Brussels, Belgium) Tihamer Toth (Dr., Counsellor, Office for Economic Competition of Hungary, Budapest, Hungary) Antoine Winckler (Partner, Cleary, Gottlieb, Steen & Hamilton, Brussels, Belgium) Giuseppe Zadra (Dr., Director General, Associazione Bancaria Italiana) LIST OF SPONSORS Akin, Gump, Strauss, Hauer & Feld (LLP), Brussels Office, Belgium Cleary, Gottlieb, Steen & Hamilton, Brussels Office, Belgium Howrey Simon Arnold & White, Washington DC Office, USA Martinez Lage & Asociados, Madrid, Spain, Skadden, Arps, Slate, Meagher & Flom (LLP), Brussels Office, Belgium White & Case (LLP), Brussels Office, Belgium Wilmer, Cutler & Pickering ,Brussels Office, Belgium Bruckhaus, Westrick, Stegemann, Brussels Office, Belgium Linklaters & Alliance, Brussels Office, Belgium O'Melveny & Myers, Washington DC Office, USA Studio Legale Tizzano, Rome Office, Italy
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