On Wednesday, 25 March, the European Commission authorised the State guarantee granted by Italy in support of a debt moratorium from banks to small and medium-sized enterprises (SMEs) affected by the coronavirus outbreak. The scheme was authorised under the Temporary Framework for State aid measures to support the economy in this context; this framework was adopted by the Commission on 19 March 2020.
For Executive Vice President Margrethe Vestager who is in charge of competition policy,...