In a letter dated 29 February 2016, European Commissioner for Competition Margrethe Vestager responded to U.S. Treasury Secretary Jacob Lew's concerns that EU State aid investigations are targeting U.S. multinationals ({News-2016-02-16/A/3- previous coverage}). In short, Vestager denies that the European Commission is specifically targeting U.S. companies. In particular, the letter notes that: The Commission is enforcing State aid rules that are fundamental to protect fair competition and protect the EU's Single Market; The rules apply to all companies operating in the EU irrespective of whether they are European companies or from outside the EU; EU Member States are entitled to...