The Global financial melt down & banking collapse of 2008 is not is not comparable with Tata steel. The near collapse of the financial system in 2008 represented an existential threat to the still nascent effort to integrate financial markets. Governments across Europe found themselves compelled by circumstance to bail-out domestic banks. In this case the European Commission "facilitated" the bail outs... the story is well known.
Under EU law the European Commission has the authority to prohibit state aid "IF" a government wanted to help!
We don't need a european commission telling us how to govern! and weather or not a government step in to save thousands of jobs.
So what about us stopping the EU implementing tariffs on Chinese steel?
http://www.telegraph.co.uk/business...es-steel-industry-to-curry-favour-with-china/
Britain sacrifices steel industry to curry favour with China
What we know is that the British government has for the last three years been blocking efforts by the EU to equip itself with the sort of anti-dumping weaponry used by Washington to confront China.
The EU trade directorate has been rendered toothless by a British veto. So much for the canard that the UK has no influence in Brussels.
The British steel industry, facilitated by our own Govt have brought this on themselves, nothing to do with the EU.