On Wednesday 8 July the European Commission authorised German plans to release €500 billion of liquidity and capital support for enterprise affected by the Covid-19 pandemic. The scheme has been authorised under the Temporary Framework for State aid measures.
According to Margrethe Vestager, Executive Vice-President for Competition Policy, this German fund “ensures that the State is sufficiently remunerated for the risk taxpayers assume, and, as regards recapitalisation measures, that...