Table Of ContentEUROPEAN  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
Description:The European Competition Law Annual 1999 is fourth in a series of volumes including the materials of the annual Workshops on EU Competition Law and Policy held at the Robert Schuman Centre of the European University in Florence. The present volume contains the contributions and commentaries of a gro