The protection of the European market and,
by extension, of competition itself, as a prerequisite for ensuring the proper
functioning of the open market economy, contribute to the reduction of the
prices of products and services provided, to the widening of consumer choice
and to the strengthening of technological innovation. All these harmonized aim
at the sustainable development of Europe based on balanced growth and price
stability, the social market economy with a high degree of competitiveness as
provided for in Article 3(3) of the Treaty. The institution of State aid plays
an extremely important role in the construction of Europe as it aims to
strengthen the economic and social cohesion of the Union to promote a project
of common interest or to contribute to the balanced development of a sector or
a region within a Community framework (article 107 par. 3 par. a', b', c')
while at the same time the existing legislative framework ensures the avoidance
of state interventions that may distort competition.
Keywords: European Union Law, State Aid.