State Aid Policy Contribution to the Financial and Banking Sector Stability in The European Union Member States

In our paper, the role of the state aids is analyzed in the context of the international economic and financial crisis, reviewing the new community regulations regarding the state aid measures in order to support the access to financing and the stability of banking sector in the member states. The performed analysis pursues to prove that, in the conditions of the international economic crisis, the control of the state aids is necessary as the member states are tempted to grant aids that could affect the free competition in the community space. The control of the state aids contributes to the avoidance of a race of the subventions that could affect the smaller member states, whose budgetary funds are limited.