The Commission has adopted on 26 November 2008 the Communication "A European Economy Recovery Plan"1 to drive Europe’s recovery from the current financial crisis. The Recovery Plan is based on two mutually reinforcing main elements. Firstly, short-term measures to boost demand, save jobs and help restore confidence. Secondly, "smartinvestment" to yield higher growth and sustainable prosperity in the longer-term. The Recovery Plan will reinforce and accelerate reforms already underway under the Lisbon Growth and Jobs Strategy.
The Plan also includes further initiatives to apply State aid rules in a way that achieves maximum flexibility for tackling the crisis while maintaining a level playing field and avoiding undue restrictions of competition. The present Communication sets out the details of a number of additional and temporary possibilities for Member States to grant State aid.

Link to complete text: http://ec.europa.eu/comm/competition/state_aid/reform/consultation_access_to_finance.pdf