Financial Times FT.com

EU rules on state aid put to test by bail-outs

By Tony Barber in Brussels

Published: October 15 2008 03:00 | Last updated: October 15 2008 03:00

European Union leaders were under pressure on two fronts yesterday as the global financial crisis and deepening economic slowdown tested their commitment to fight climate change and preserve the bloc's core free-market philosophy.

As they prepared for a two-day summit in Brussels, policymakers expressed concern about the possible impact on EU state aid and fiscal rules of the enormous government bail-outs of the financial sector announced in France, Germany, the UK and other countries.

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