Public guarantees: The European Commission publishes a new Notice on the State Aid Action Plan in efforts to clarify and simplify State aid rules (Treaty to State aid in the form of guarantees)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – EC. Comm, 25 May 2008, Notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees, OJ C155, 20 June 2008, p.10. The important revised Commission Communication on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees is part of the review of State aid policy announced by the Commission's Action Plan of 7 June 2005 ("Less and better targeted State aid: a roadmap for State aid reform 2005-2009", COM(2005) 107 final). It is part of the political will to unlock the growth potential of small and medium-sized enterprises in Europe. Coming after in particular the guidelines on