at the end of a week in which global stock exchanges, a listed historic kursras, and the virus is spreading at a fast pace, trying to the EUROPEAN commission, the member states ‚ economies are not adversely affected in the long term.
“ the Virus is a severe blow to the global economy and of Europe. We need to take decisive and bold decisions now so that the impact will be limited and short-lived as possible, “ said the president of the commission, Ursula von der Leyen.
this will be the creation of a special fund, it is not going to be short of cash. The 37 billion euros of the 400 billion set in coronafond.
„That should be given to the health service, labour market and small – and medium-sized enterprises in the affected industries,“ she says.
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the Carriers are also to be treated especially favorably, says Ursula von der Leyen. The money comes mainly from the structural funds of the EU.
it calls on the member states to take all necessary means in order to support the most under pressure sectors of the transport industry, the tourism industry and the retail sector.
the EUROPEAN commission is promising that the use of the flexibility available in the regulations on state aids and the stability and growth pact. The latter is an agreement between the member states, to ensure sound public finances.
also got the go-ahead by the european commission to support the companies that organize concerts and events featuring many of the site visitors, but which is now banned in the country. It took less than 24 hours for the commission to give the go-ahead to the paying the out of state support of € 12 million, for approximately sek 130 million.
As the novel coronavirus is seen as an ”event outside the government’s control of the” need for the EUROPEAN union-the commission is not consulted in a number of cases. For example, in the case that the member states wish to abolish or postpone the payments of taxes, or to compensate for a passenger.
Ursula von der Leyen points out that, in particular, Italy has a very free hand to prop up its economy.
on the economy, the commission is convinced of that. In February, leaving it with a forecast that in 2020, the GDP in the EU is estimated to increase by 1.4 per cent. Now, the commission is of the opinion that growth will end up below zero. An exact figure is waiting until there is more evidence.
the EUROPEAN commission is hoping that it is only in 2020 that will be a lost year in economic growth picks up again in the next year.
for more information, see Flygkrisen of the worst in recent history – bankruptcy threatens.
for more information. Dan Lucas: The börsraset in modern times, in spite of counter-measures.
