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Unconditional and Unlimited Guarantees and their (In)Compatibility with the Internal Market
Operating aid is not normally compatible with the internal market. Therefore, State aid provided through state guarantees should not cover operating costs. State aid embedded in guarantees must be quantifiable so that its necessity and proportionality can be assessed. The assessment of State aid must be made within an EU context taking into account its impact on trade.
Article 107(2)(b) allows aid for important projects of common European interest (IPCEI). In 2014, the Commission published guidelines on State aid to IPCEI. Yet, IPCEI are very rare. During the past decade only two have been notified to and assessed by the Commission. One of them, the Øresund road-rail fixed link,
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