Tag: state aid

State Aid in the Context of COVID-19

The economic impact of COVID-19 has differed across EU Member States, as some States are able to exploit the European Commission’s Temporary Framework for State aid more easily than others that are limited by their fiscal position. Georges Siotis highlights the variances in policy responses to the crisis and considers whether the scale of public intervention is sustainable in the longer term.

The Implications of COVID-19 for Competition Policy and Economic Growth

Jorge Padilla and Nicolas Petit highlight that recessions often have a pro-competitive “cleansing” effect. They can facilitate the exit of inefficient firms that crowd out growth opportunities for more efficient competitors, and delay the diffusion of technological innovation. A case might thus be made that the current recession is an opportunity for growth and regeneration of the EU economy.

Webinar: State Aid in the Context of COVID-19

Compass Lexecon expert Georges Siotis will join senior lawyers from Cleary Gottlieb and Sheppard Mullin in a short webinar to discuss legal and economic issues related to State aid during the COVID19 crisis.