The EU Commission finds State aid in the form of subordinated loans to SMEs to be compatible with the internal market (Saxony)

Loans for SMEs* Low-interest loans may be used to support investments. The granting of de minimis aid through loans is possible only if loans are secured against collateral. The 2008 Commission Communication on interest rates does not apply to subordinated, non-collateralised loans. Introduction “Investment for growth” is the slogan which seems to be on everybody’s lips in Brussels. Last Friday, the European Council urged that the European Fund for Strategic Investment to be “fully deployable from mid-2015”. The EFSI was Jean-Claude Juncker’s initiative immediately after he took office as President of the Commission. A few days earlier at a conference in Bruges, one of the Vice-Presidents of the Commission, Jyrki Katainen, explained that one of the objectives of the EFSI would be to

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