The New Normal? The European Union’s Temporary Frameworks for State Aid
It is widely agreed that the global economy has entered a phase of heightened uncertainty. Since all downturns and slowdowns involve low aggregate demand, the authorities typically step in by increasing their own spending to protect businesses and jobs. During the Covid pandemic the European Union h...
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| Format: | Article |
| Language: | English |
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Sciendo
2024-02-01
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| Series: | Wroclaw Review of Law, Administration and Economics |
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| Online Access: | https://doi.org/10.2478/wrlae-2024-0001 |
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| _version_ | 1823860398638497792 |
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| author | Kociubiński Jakub |
| author_facet | Kociubiński Jakub |
| author_sort | Kociubiński Jakub |
| collection | DOAJ |
| description | It is widely agreed that the global economy has entered a phase of heightened uncertainty. Since all downturns and slowdowns involve low aggregate demand, the authorities typically step in by increasing their own spending to protect businesses and jobs. During the Covid pandemic the European Union has witnessed an unprecedented level of State aid measures, under the hastily adopted dedicated temporary framework. Temporary rules have also been adopted to facilitate State aid supporting companies affected by the Russian invasion of Ukraine, which are still in force today (March 2023). The common pattern of crisis responses in turn allows for a more general, non-event-specific, assessment of State aid measures taken to reduce economic disturbances. |
| format | Article |
| id | doaj-art-0abdd4a1b0b44d90a684a41452f4d813 |
| institution | Kabale University |
| issn | 2084-1264 |
| language | English |
| publishDate | 2024-02-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wroclaw Review of Law, Administration and Economics |
| spelling | doaj-art-0abdd4a1b0b44d90a684a41452f4d8132025-02-10T13:26:27ZengSciendoWroclaw Review of Law, Administration and Economics2084-12642024-02-0114112210.2478/wrlae-2024-0001The New Normal? The European Union’s Temporary Frameworks for State AidKociubiński Jakub0LLM, PhD, DSc (Dr hab. prof. UWr), Faculty of Law, Administration and Economics, University of Wrocław, PolandIt is widely agreed that the global economy has entered a phase of heightened uncertainty. Since all downturns and slowdowns involve low aggregate demand, the authorities typically step in by increasing their own spending to protect businesses and jobs. During the Covid pandemic the European Union has witnessed an unprecedented level of State aid measures, under the hastily adopted dedicated temporary framework. Temporary rules have also been adopted to facilitate State aid supporting companies affected by the Russian invasion of Ukraine, which are still in force today (March 2023). The common pattern of crisis responses in turn allows for a more general, non-event-specific, assessment of State aid measures taken to reduce economic disturbances.https://doi.org/10.2478/wrlae-2024-0001state aidtemporary frameworkcrisis aiddisaster aideconomic disturbance |
| spellingShingle | Kociubiński Jakub The New Normal? The European Union’s Temporary Frameworks for State Aid Wroclaw Review of Law, Administration and Economics state aid temporary framework crisis aid disaster aid economic disturbance |
| title | The New Normal? The European Union’s Temporary Frameworks for State Aid |
| title_full | The New Normal? The European Union’s Temporary Frameworks for State Aid |
| title_fullStr | The New Normal? The European Union’s Temporary Frameworks for State Aid |
| title_full_unstemmed | The New Normal? The European Union’s Temporary Frameworks for State Aid |
| title_short | The New Normal? The European Union’s Temporary Frameworks for State Aid |
| title_sort | new normal the european union s temporary frameworks for state aid |
| topic | state aid temporary framework crisis aid disaster aid economic disturbance |
| url | https://doi.org/10.2478/wrlae-2024-0001 |
| work_keys_str_mv | AT kociubinskijakub thenewnormaltheeuropeanunionstemporaryframeworksforstateaid AT kociubinskijakub newnormaltheeuropeanunionstemporaryframeworksforstateaid |