Brussels, March 13 – European Commission President
Ursula von der Leyen on Friday said the EC would use “the utmost
flexibility” in loosening the EU’s Stability Pact and bans on
State aid to help member States like Italy cope with the
“We’ll give Italy everything it asks for,” she said.
EU sources said Stability Pact budget restrictions may be
temporarily waived to help countries deal with the emergency.
Competition Commissioner Margrethe Vestager said the EC was
ready to give the green light for State aid to be used “in 24
She said “we are working on a new framework to instruct
governments on how to use State aid to help stabilize the
European Commission Executive Vice President for Economy
Valdis Dombrovskis and European Economic Affairs Commissioner
Paolo Gentiloni told Italian Economy Minister Roberto Gualtieri
in a letter that any “one-off” spending made with regards to the
coronavirus pandemic “will be excluded by definition from the
calculation of the structural deficit and will not be taken into
account when evaluating conformity with the fiscal effort
required as part of the existing rules”.
They said the EC will also evaluate any possible request
under the ‘unpredictable events clause’, using maximum
flexibility of EU rules.