Economic crisis from State aid perspective – Gheorghe OPRESCU

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In nowadays situation, when effects of the economic-financial crisis have been rapidly world-wide spread, the EU Member States economies are facing serious difficulties, both within banking system, and in real economy. The global financial crisis impact on real economy is strongly felt, and the economy as a whole is affected by a significant slowing down of growth, which is harming population, companies and jobs.

Such difficulties are affecting not only fragile companies, but also the solid ones, which have suddenly been confronted by a lack of credits. This situation has a negative impact especially on the SMEs, which have, in general, higher difficulties in accessing financing comparatively with the largest ones. These difficulties have not only negative short and medium term effects, by affecting the economic state of many companies and of their employees, but they could also have negative long term effects, by delaying all planned investment or even by abandoning them. In this context, the way of using public funds gets a high importance.