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SALZBURG — In 2009, while the world economy was still reeling from the global financial crisis, Nobel laureate economist Robert Lucas observed that “everyone is a Keynesian in the foxhole”. The implication was that, when an economy is faced with a severe economic shock, conventional fiscal policy norms must take a backseat to stabilization.
The aid aims to ease high costs brought by the Russia-Ukraine war.
The European Commission has approved a €100 million Italian scheme to support companies active in Sardinia in the context of Russia's war against Ukraine. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors which are key to accelerate […]
The European Commission has approved a €54 million Italian scheme to support small and medium-sized companies (‘SMEs') active in the region of Abruzzo in the context of Russia's war against Ukraine. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures […]
The European Commission has approved a €2.36 billion Hungarian scheme to accelerate investment towards renewables manufacturing.