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17th March 2020
Banking & Finance Competition & State Aid Covid-19 Internal Market

Op-Ed: “State aid and COVID-19 outbreak – What can we expect?” by Juan Jorge Piernas López

In addition to the devastating impact on individual lives and public health, the COVID-19 outbreak is liable to generate serious economic effects. The reaction of EU Member States to the crisis through the injection of a significant amount of public resources into the economy, and particularly in some sectors, may also bring about considerable competition distortions. In this context, the State aid regime will, once again, have to strike the balance between the need to avoid an economic meltdown and the goal of protecting effective competition in the internal market. This contribution will briefly analyse the Commission’s possible reaction to the COVID-19 crisis in light of the previous response of the ‘guardian of the treaties’ to the l

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