COVID-19 measures Update 1 – 23/03/2020

Compilation of press releases/ articles from various EU and national information tools, the EU newsroom and information provided by our members.

Economic support to sectors

Governments can spend their way out of the economic fallout from the coronavirus without fear of reproach after the European Commission last Friday put the EU’s deficit rules on ice. Commission President Ursula von der Leyen informed the public that “national governments can pump as much money into the economy as much as they need.” The EU triggered the rulebook’s “general escape clause,” which is reserved for when the EU or the eurozone faces a severe economic downturn or negative growth. EU finance ministers approved the decision today. (Source: De Havilland)

We remind you that on 19 March the European Commission after coordination with the EU Member States published a new Temporary Framework for State aid to support the economy in the current COVID-19 outbreak (the „Temporary Framework”).

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COVID-19 measures Update 1 – 23/03/2020
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