Poor stay poor, rich get richer? Virus aid weighs on EU market competition

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Germany accounts for more than half of the emergency coronavirus state aid approved by the EU executive, prompting concerns that countries with the deepest pockets might be getting an unfair advantage in the bloc's single market.

“The state aid that some European countries are discussing with airlines risks distorting competition and creating benefits for some when the sector restarts,” said Carlo Amati of Italian flight attendants union ANPAV.Announcing plans to cut 3,000 jobs on Friday, Ryanair’s Chief Executive Michael O’Leary said he would challenge in European courts what he described as more than 30 billion euros in state aid to flag carrier rivals of his Irish budget airline.

That underpins the ailing south’s demand for joint EU financing to spur a recovery. Otherwise, they fear, not only will they have suffered more severely in the health crisis but will also take longer to get their economies back on track. “The more decentralised these schemes, the more political considerations kick in - whether and what conditions to put on aid, whether states should take on voting shares, what sectors to help - the bigger the threat to the single market,” he said.

 

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You don't say?

Why the surprise? The EU is a monumental financial transfer from the other nations to Germany. And has achieved what it set out to stop. Germany running Europe. Way to go, EU eejits. Way yo bloody go.

Germany did not get deep pockets for free. Other countries were urged to follow suit by the ECB and other EU institutions but failed to do so. Complaining does not help either.

We are all in this together, ask corona.

After New Zealand, South Korea now sets an example, successfully contains the spread of the virus Latest updates | cases per million population👇 Covid_19 COVID

If true, in my opinion, this is most damaging to the very fabric of EU.

Questa è europa

Alemania es Alemania/ Cuando Alemania se resfria Europa estornuda......

even Pan-European psuedoequality cannot change the fact that money follows money.

Thieves get richer, richer get richter, richter dance whuanderfull.

And this will never change. 1 % of the one percenters. The billions made of the blue collar workers. Disgusting seems to come to mind.

That is sad story rich geting richer but that is fact since mead evil times i guess

See the condition of Mexico,there they do not even admit COVID patients who have no money ,they even charge 25000 Mexican pesos for a test ..Poors are affected the worst in this pandemic

UniversalBasicIncome is solution for Humanity

Lol. I started poor and am now middle class. Guess this isn’t 100% accurate

Another commie talk

That’s how it has always been. Rich have got richer during COVID19 crisis.

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