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Tag: guarantte

EU Commission approves Belgian guarantee scheme mobilising €50 billion support for companies affected by coronavirus outbreak

The European Commission has approved, under EU State aid rules, a €50 billion Belgian loan guarantee scheme to support the Belgian economy in the context of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This Belgian guarantee scheme, which is expected to mobilise up to €50 billion of liquidity, will […]