Faster than during the 2008-2009 crisis, and almost as quick as the spreading of the Covid-19 virus … that’s how the EU’s response to the current pandemic crisis can be characterized. In exceptional circumstances such as the 2008-2009 financial crisis or during the 2010 Icelandic ash aviation lockdown, EU State aid law allows for flexible derogations to its standard approach to State aid control, and fast-track actions.
