On the evening of 16 March, the European Commission sent to Member States for consultation a draft proposal for a State aid Temporary Framework to support the economy in the context of the COVID-19 outbreak. This framework is based on Article 107(3)(b) of the Treaty in order to remedy a serious disturbance across the EU economy.
Commission Vice-President Margrethe Vestager said that swift action was needed to allow companies to “have the liquidity to keep operating, or to put a temporary...