Oh, for the halcyon days when the uproar over state aid in the EU focused on fisheries and railways. A new report from the European Commission updates the figures on aid provided by countries to their domestic industries, and in a related action the commission announced the extension of its “crisis framework” on aid to address “ongoing market failures”.

Support to the financial sector (“crisis measures” in the chart below) has dwarfed other forms of aid over the past two years. In 2009, financial firms were propped up by €1.1trn in guarantees and recapitalisations (€350bn of which counts as state aid), which makes €200m in aid to fisheries seem rather quaint by comparison.

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