The EU Commission publishes its approach to State aid in the COVID-19 context

The COVID-19 pandemic has hit the European economy with brute force. Many businesses are facing drastic declines in revenues and are in urgent need of liquidity. Some have imposed temporary lay-offs or even face insolvency. The European Commission and most EU member states as well as the UK, which is temporarily still bound by EU State aid law, have announced plans to help the economy. Such plans resemble the reaction of European governments during the financial crisis in 2007/2008. The EU's approach to State aid in the COVID-19 crisis The flexible handling of State aid law will be a priority for the Commission. The Commission has already in the past days approved within a very short time the firstnational COVID-19 aid schemes to sectors that were facing particular difficulties, such