Comperhensive economic responses and initiatives of EU commision during the Covid19 crises
Year: 2020
Type: conference-abstract
Abstract: Major economic disturbance which affected almost all countries, caused by COVID-19 – severe public health emergency, opened many key questions which tested not only the healthcare system, but also available socio economic instruments in resolving the consequences of the pandemic. EU was example of challenging management, because of the imperative to allow Member States to act decisively in a coordinated way, through using the full of lexibility of State Aid, Stability and Growth Pact Frameworks, centred as a European coordinated response. The Commission used all the instruments at its disposal to mitigate the consequences of the pandemic, in particular: State aid Framework Flexibility, European Fiscal Framework Flexibility, Ensuring solidarity in the Single Market, Mobilising the EU budget, Alleviating the impact on employment, Coronavirus Response Investment Initiative. The main aim of this analysis is to underline and point out the major principles of effective action to support citizens and companies, in particular SMEs, facing economic difficulties due to the COVID-19 outbreak in EU Member States. According to Policy measures taken against the spread and impact of the coronavirus, economic measures are classified to the following categories: (i) expenditure measures, (ii) tax measures, (iii) sectorial, regional, or measures
Language: English
Topic: EU Law and Policy Analysis
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7124519983