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EU subsidy rules lack transparency, consistency, auditors warn

By Lewis Crofts ( October 23, 2024, 15:00 GMT | Insight) -- The EU’s policing of subsidies handed out by national governments needs greater definition and rigor, the bloc’s auditors have said, flagging shortcomings resulting from the vast amounts of state support distributed to combat the effects of the pandemic and the war in Ukraine. The European Commission said crisis management always incurred trade-offs, and stressed it had struck the right balance.The European Commission's move to relax state aid laws to help business afflicted by economic shocks such as the pandemic and the Ukraine war left poorly defined rules and undercooked decisions to clear subsidies, according to the bloc's auditors....

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