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"ARTICLE 107 TFEU" [2014] ELECD 886; in VerLoren van Themaat , Weijer; Reuder, Berend (eds), "European Competition Law" (Edward Elgar Publishing, 2014) 216

Book Title: European Competition Law

Editor(s): VerLoren van Themaat , Weijer; Reuder, Berend

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781783476862

Section: Chapter 10

Section Title: ARTICLE 107 TFEU

Number of pages: 40

Extract:

10
ARTICLE 107 TFEU*

GENERAL RULE: PROHIBITION OF AID

1. Save as otherwise provided in theTreaties, any aid granted by a Member
State or through State resources in any form whatsoever which distorts
or threatens to distort competition by favouring certain undertakings or
the production of certain goods shall, in so far as it affects trade between
Member States, be incompatible with the internal market.
2. The following shall be compatible with the internal market:
(a) aid having a social character, granted to individual consumers,
provided that such aid is granted without discrimination related
to the origin of the products concerned;
(b) aid to make good the damage caused by natural disasters or excep-
tional occurrences;
(c) aid granted to the economy of certain areas of the Federal Repub-
lic of Germany affected by the division of Germany, in so far as
such aid is required in order to compensate for the economic
disadvantages caused by that division. Five years after the entry
into force of the Treaty of Lisbon, the Council, acting on a pro-
posal from the Commission, may adopt a decision repealing this
point.
3. The following may be considered to be compatible with the internal
market:
(a) aid to promote the economic development of areas where the
standard of living is abnormally low or where there is serious
underemployment, and of the regions referred to in Article 349, in
view of their structural, economic and social situation;
(b) aid to promote the execution of an important ...