The New Normal? The European Union’s Temporary Frameworks for State Aid
It is widely agreed that the global economy has entered a phase of heightened uncertainty. Since all downturns and slowdowns involve low aggregate demand, the authorities typically step in by increasing their own spending to protect businesses and jobs. During the Covid pandemic the European Union h...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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Sciendo
2024-02-01
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| Series: | Wroclaw Review of Law, Administration and Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/wrlae-2024-0001 |
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| Summary: | It is widely agreed that the global economy has entered a phase of heightened uncertainty. Since all downturns and slowdowns involve low aggregate demand, the authorities typically step in by increasing their own spending to protect businesses and jobs. During the Covid pandemic the European Union has witnessed an unprecedented level of State aid measures, under the hastily adopted dedicated temporary framework. Temporary rules have also been adopted to facilitate State aid supporting companies affected by the Russian invasion of Ukraine, which are still in force today (March 2023). The common pattern of crisis responses in turn allows for a more general, non-event-specific, assessment of State aid measures taken to reduce economic disturbances. |
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| ISSN: | 2084-1264 |