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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Michael Acton

Senior Correspondent


Michael is a senior correspondent for MLex in San Francisco, where he moved in 2020 after working in our Brussels bureau. Before joining MLex, he reported on EU politics as the Financial Times’ Nico Colchester Fellow in Brussels. Michael has a degree in International Relations and Politics from the University of Cambridge, and a degree in History and French from University College London and Paris IV Sorbonne.

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