EU OKs €2B For Italian Credit Insurance Market During Pandemic

The European Commission has approved, under EU State aid rules, a €2 billion Italian scheme to support the trade credit insurance market in the context of the coronavirus outbreak.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said “This €2 billion Italian scheme will contribute to ensuring that trade credit insurance remains available to all companies so that they can secure their commercial exchanges. This will help them address their liquidity needs and continue their activities during and after the crisis. We continue working closely with Member States to ensure that national support measures can be put in place in a coordinated and effective manner, in line with EU rules.”

Full Content: Europa

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