Covid-19. By EC a response to counter socio-economic impact
The reaction is immediate and coordinated at continental level -ATTACHMENT
COVID-19 is a severe public health emergency for citizens, societies and economies with infections in all Member States. It is also a major economic shock to the EU. The Commission therefore presents today an immediate response to mitigate the socio-economic impact of the COVID-19 outbreak, centred on a European coordinated response.
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 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 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 State Aid and Stability and Growth Pact Frameworks.
The integral version of the press release (three pages) is attached to this AVIONEWS.
AVIONEWS - World Aeronautical Press Agency