The EC has allowed the temporary nationalization of companies affected by the coronavirus crisis



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According to her, such a blessing from the EC was bestowed with many reservations, including the fact that the rescued companies did not pay dividends or bonuses during the reporting period before the material financial difficulties caused by this crisis.

In addition, companies that rescue taxpayers will have to explain in detail who will use the public financial injection, and their help should contribute to the EU’s goals of a green and digital economy.

In principle, state intervention in the economy is only possible in the public interest, according to the detailed explanations of said decision by the European Commission, whose emphasis is to avoid massive bankruptcies and a drastic increase in unemployment.

Companies that will be recapitalized with public funds must have a clear strategy for their future expropriation, and in the case of public participation in their management for more than six years, their restructuring plans must be drawn up.

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