Rescue Aid* Member State must demonstrate that rescue or restructuring aid aims to prevent social hardship or address market failure. The Temporary Framework is coming to an end The European Commission announced on 12 May 2022 that the Temporary Framework will be abolished on 30 June 2022, with the exception of the two types of support that were inserted in the Temporary Framework at its last revision in November 2021. Investment and solvency support measures will be permitted until 31 December 2022 and 31 December 2023, respectively. The reason why these measures are allowed to be implemented beyond June 2022 is to avoid cliff-edge effects from the phasing out of the massive liquidity that Member States injected in their economies to combat the effects of covid-19. In the same
Share on
|
|
The EU Commission announces that the rescue aid framework will be abolished save for two types of support - Insolvency and investment support, which will be temporarily permitted (Wizz Air)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
