EU Commission Speeds COVID-19 Aid Approval, Germany Benefits Most
The EU Commission has swiftly approved economic aid during the COVID-19 pandemic, with an average turnaround time of just 13 days. Despite criticism, the competition commissioner defends the process, while also highlighting the importance of preventing market fragmentation in Europe.
The EU's COVID-19 aid packages have been primarily decided by key institutions, rather than individual officials. Notably, no single person has made the most decisions on these packages to date.
The German government's multi-billion-euro stimulus package has been seen as an opportunity for the whole of Europe by EU Competition Commissioner Margrethe Vestager. The commission has already approved 15 different German programs, with many more pending.
Vestager also stressed the potential benefits for suppliers elsewhere in Europe if a German company receives aid, potentially making Germany the 'engine of Europe'. The EU Commission has made 280 decisions on corona aid totaling 2.9 trillion euros, with Germany accounting for around half of this amount.
The EU Commission's swift approval process for economic aid has been crucial during the COVID-19 pandemic, with Germany being a significant recipient. Commissioner Vestager emphasizes the need to prevent market fragmentation and the potential benefits for the entire European economy.
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
