Belgium, (Brussels Morning Newspaper) The European Commission approved Italy’s aid scheme worth 10 billion euro to support companies affected by the crisis.
The EC noted in a statement on Tuesday that it approved the loan guarantee scheme under the state aid Temporary Crisis Framework, stressing that the EU economy is facing a crisis.
Margrethe Vestager, European Commissioner for Competition, pointed out “in the current context of economic uncertainty caused by the current geopolitical crisis, this 10 billion euro loan guarantee scheme will enable Italy to support affected companies and sectors.”
She added that the EC stands with Ukraine and supports EU member states, stressing the importance of providing support in timely manner while protecting competition.
Continue reading EC approves Italian aid scheme worth €10bn at Brussels Morning Newspaper.
