It’s no secret that industry overall has been directly affected by the COVID-19 pandemic.
Fortunately, the European institutions have prepared a series of mechanisms to help companies in need of financial assistance - as well as the population. The COVID-19 crisis has shown, among other things, how difficult European cooperation can be sometimes, especially in policies where the EU has limited powers to support Member States.
The European solidarity did not make its presence felt too quickly, but in the end the Member States concluded that the challenges posed by the current situation require a concerted response from them and in coordination with the European institutions. EU leaders have agreed on the following four priority areas.
Limiting the spread of the virus
Ensuring the provision of medical equipment
Promoting research for treatments and vaccines
Supporting jobs, businesses and the economy
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