Margrethe Vestager, the Commission's Executive Vice-President responsible for Competition Policy, said on Monday 4 May that in the context of the Covid-19 pandemic, companies must be able to be receive help in the form of recapitalisation. “This is more difficult in terms of competition issues, since there is a risk of distorting competition in the long term”, she conceded.
The European Commission is still assessing responses from EU countries in respect of drafts updating State aid...