State aid must be temporary, limited and designed to avoid bankruptcies
Single market, climate and digital goals crucial for recovery
Striking a balance between strategic independence, trade and open economy
Economic and Monetary Affairs Committee MEPs voiced concerns about the internal market during a debate with Commission Executive Vice-President Vestager on Monday.
The majority of MEPs perceive the timely state aid schemes as a lifeline for companies during the COVID-19 crisis. However, they stress that all national state aid instruments such as grants or zero interest rate loans must be proportional and allocated in a transparent way.
They also pointed to huge differences between the member states’ fiscal firepower, which is likely to have long lasting consequences on the internal market’s cohesion and asked about the strings attached to state aid such as contributions to the green economy. (...)
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