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Image header Agence Europe
Europe Daily Bulletin No. 12523
Contents Publication in full By article 23 / 31
EU RESPONSE TO COVID-19 / State aid

Green light for German fund of up to €500 billion for companies affected by Covid-19

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...

Contents

SECTORAL POLICIES
ENERGY: Commission unveils hydrogen strategy and launches Clean Hydrogen Alliance
ENERGY: with its energy system integration strategy, Commission wants in-depth overhaul of EU’s energy system
AGRICULTURE: European Commission forecasts good prospects for production in a number of sectors
AGRICULTURE: new money is needed to fund agricultural objectives in EU Green Deal, say MEPs
AGRICULTURE: future of rural Europe is vital for economic recovery, according to Dacian Cioloș
CLIMATE: Fourth MoCA calls for international cooperation and coordination for green and sustainable economic recovery
RULE OF LAW: Renew Europe proposes “smart conditionality” of EU funds so as not to penalise citizens of sanctioned countries
JUSTICE: European Public Prosecutor's Office to fundamentally change the game when it comes to fraud against EU funds, promises Laura Codruța Kövesi
JUSTICE: Member States give green light to amendment to operating rules of selection panel of European prosecutors
TRANSPARENCY: Corporate Europe Observatory denounces “disproportionate” and opaque lobbying on European Green Deal
COHESION: REACT-EU, co-rapporteurs propose additional resources for two more years
EUROPEAN PARLIAMENT PLENARY
BUDGET: MEPs fear small 2021-2027 MFF to push through post-Covid-19 Recovery Plan
EU2020DE: focusing her Presidency on fundamental rights and cohesion, Merkel receives support of European Parliament
HEALTH: MEPs put forward proposals for post-Covid-19
INSTITUTIONAL
EUROPEAN PARLIAMENT: composition of three new special committees and sub-committee on taxation is becoming clearer
BUDGET: four-way meeting on MFF and post-Covid-19 recovery plan
ECONOMY - FINANCE
EUROGROUP: euro area finance ministers to elect new president
ECOFIN: German priorities, stimulus measures and Capital Markets Union on agenda of EU ministers
TAXATION: S&D group in European Parliament launches campaign for tax justice
EXTERNAL ACTION
WTO: eight candidates are vying to take back helm of a WTO in troubled waters
LIBYA: EU wants to strengthen coastguard training
EAST AFRICA: EU increases aid by €15 million to combat locust invasion in Horn of Africa
EU RESPONSE TO COVID-19
STATE AID: green light for German fund of up to €500 billion for companies affected by Covid-19
STATE AID: Covid-19, Commission approves €6.2 billion Italian support for small businesses and self-employed workers
HEALTH: European Commission has concluded agreements with Roche and Merck
NEWS BRIEFS
CHINA: civil society dialogue on progress in negotiations over EU/China investment agreement
CHINA: EU welcomes Beijing's accession to Arms Trade Treaty
SPACE: ASD concerned over impact of Brexit on space activity
MIGRATION: more unaccompanied minors relocated from Greece to Member States
OECD: analysis finds that tax optimisation of multinationals undermines global government revenues
PALESTINE: EU provides €22.7 million in emergency aid for Palestinians in West Bank and Gaza Strip