COVID-19: the European Commission approves two guarantee systems implemented in Spain

2020年3月25日

COVID-19: the European Commission approves two guarantee systems implemented in Spain
COVID-19: the European Commission approves two guarantee systems implemented in Spain

The European Commission is giving absolute priority to State aid decisions adopted in connection to the COVID-19 pandemic. Yesterday, just after we published information about the decisions that the Commission had taken to date, it approved two new measures notified by Spain.

 

According to the system established under the Treaty on the Functioning of the European Union (TFEU), public aid granted to specific companies or production must be authorized by the European Commission, unless exempted as clearly established in article 107.2 of the TFEU and in Regulation 651/2014. If authorization from the Commission is required, it must fall within the scope of article 107.3 of the TFEU, including, inter alia, the need to remedy a serious disturbance in the economy of a Member State.

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