Following the publication of the proposal a few days ago, on 19 March the European Commission adopted the communication introducing a new temporary legal framework for State aid measures to support the economy in the current COVID-19 outbreak. The last time the Commission had adopted a similar temporary framework was during the global financial crisis in 2008.
The new rules allow national authorities to take urgent and effective measures to help citizens and companies, especially SMEs, to cope with the financial difficulties caused by the economic crisis due to the Coronavirus outbreak.
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