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European response to counter the economic impact of coronavirus

Mar 13, 2020 | News

(13 March 2020) – The Commission presents today its response to mitigate the socio-economic impact of the COVID-19 outbreak, centered on a European coordinated response.

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The Commission will use “all the instruments at its disposal” to mitigate the consequences of the pandemic, in particular:

– To ensure the necessary supplies to our health systems by preserving the integrity of the Single Market and of production and distribution of value chains;

– To support people so that income and jobs are not affected disproportionally and to avoid permanent effect of this crisis;

– To support firms and ensure that the liquidity of our financial sector can continue to support the economy

– And to allow Member States to act decisively in a coordinated way, through using the full flexibility of our State Aid and Stability and Growth Pact Frameworks.

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