28 January 2018
One of the themes of the negotiations on the new multi-annual budget, due to start this year, will be to determine the conditions under which the European Commission will decide which companies EU subsidies will be given to. When it comes to subsidies paid to the member states, qualification depends on 'good economic behaviour'. How such behaviour is defined is determined, moreover, entirely by the Commission via the recommendations to member states in the framework of economic governance. For the most part that comes down to austerity policies and demolition of public services. So it's odd that in relation to subsidies to big corporations the Commission suddenly becomes more reticent, though I do have a few ideas on this. What we should certainly not be doing is extending subsidies to firms which behave in a thoroughly asocial fashion, of which there are rather a lot of examples.