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The EU Commission has today activated the safeguard clause of the Stability Pact, which will allow governments to “pump money into the system as long as necessary”. The President of the EU Commission Ursula von der Leyen announced it in a video message today.
“It has never happened so far,” he added, “coronavirus has a dramatic impact on our economies, most sectors are affected,”
We promised we’ll do everything to support Europeans & 🇪🇺companies through the crisis. We deliver. Yesterday we put in place the most flexible ever #StateAid rules to help people + companies. Today we trigger the clause to relax budget rules, enabling govs to pump💶into the economy pic.twitter.com/a7IuuOSQWz
– Ursula von der Leyen (@vonderleyen) March 20, 2020
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