Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state

At the occasion of the twentieth anniversary of the enactment of the EEA Agreement, this article reviews the State aid enforcement against Iceland established by its legal regime. The main State aid enforcement events are closely linked with the main events of the political and economic history of I...

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Main Author: KARLSSON, Haukur Logi
Format: Article in Journal/Newspaper
Language:English
Published: 2014
Subjects:
Iceland
Online Access:http://hdl.handle.net/1814/33793
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spelling fteuinstitute:oai:cadmus.eui.eu:1814/33793 2023-05-15T16:47:36+02:00 Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state KARLSSON, Haukur Logi 2014 http://hdl.handle.net/1814/33793 en eng European State Aid Law Quarterly European State Aid Law Quarterly, 2014, Vol. 13, No. 3, pp. 470-490 1619-5272 2190-8184 http://hdl.handle.net/1814/33793 13 470 490 3 info:eu-repo/semantics/article 2014 fteuinstitute 2022-02-19T14:15:48Z At the occasion of the twentieth anniversary of the enactment of the EEA Agreement, this article reviews the State aid enforcement against Iceland established by its legal regime. The main State aid enforcement events are closely linked with the main events of the political and economic history of Iceland during the same period. In a narrative style, the arti- cle tells a tale of an economic modernisation that went horribly wrong. In the foreground are State aid cases involving several important policy decisions of the Icelandic government during this twenty year period. We shall see that the implementation of the policy programs was fundamentally flawed. We shall also see that the State aid regime of the EEA Agree- ment consistently failed in pursuing aid issues that could to some extent have mitigated these flaws. In an attempt to explain this tendency it is suggested that the principal enforce- ment agency is vulnerable towards political pressures that may at times overwhelm the legal and economic dimensions of specific cases. Article in Journal/Newspaper Iceland European University Institute, Italy: Cadmus (EUI Research Repository)
institution Open Polar
collection European University Institute, Italy: Cadmus (EUI Research Repository)
op_collection_id fteuinstitute
language English
description At the occasion of the twentieth anniversary of the enactment of the EEA Agreement, this article reviews the State aid enforcement against Iceland established by its legal regime. The main State aid enforcement events are closely linked with the main events of the political and economic history of Iceland during the same period. In a narrative style, the arti- cle tells a tale of an economic modernisation that went horribly wrong. In the foreground are State aid cases involving several important policy decisions of the Icelandic government during this twenty year period. We shall see that the implementation of the policy programs was fundamentally flawed. We shall also see that the State aid regime of the EEA Agree- ment consistently failed in pursuing aid issues that could to some extent have mitigated these flaws. In an attempt to explain this tendency it is suggested that the principal enforce- ment agency is vulnerable towards political pressures that may at times overwhelm the legal and economic dimensions of specific cases.
format Article in Journal/Newspaper
author KARLSSON, Haukur Logi
spellingShingle KARLSSON, Haukur Logi
Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
author_facet KARLSSON, Haukur Logi
author_sort KARLSSON, Haukur Logi
title Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
title_short Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
title_full Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
title_fullStr Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
title_full_unstemmed Twenty years of Icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
title_sort twenty years of icelandic state aid enforcement : economic liberalisation that ended in the acquisition of an entire economy by the state
publishDate 2014
url http://hdl.handle.net/1814/33793
genre Iceland
genre_facet Iceland
op_relation European State Aid Law Quarterly
European State Aid Law Quarterly, 2014, Vol. 13, No. 3, pp. 470-490
1619-5272
2190-8184
http://hdl.handle.net/1814/33793
13
470
490
3
_version_ 1766037686124019712

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