State Aid State Aid

Comment: EU’s state aid holiday is a political time bomb

By Michael Acton
  • 04 Sep 2020 07:15
  • 04 Sep 2020 07:15

To save the European economy from catastrophe, the EU has sacrificed the quasi-sacred principle of the “level playing field.” Resurrecting it will be a long and painful process.

In normal times, the bloc’s state aid rules police government spending to ensure market distortions are kept to a minimum. Officials were

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