BRUSSELS (Reuters) – The European Commission, in charge of EU state aid rules, approved on Saturday a Belgian 50 billion euro loan guarantee scheme which aims to support businesses during the coronavirus pandemic.
The aid, in the form of State guarantees on new short-term loans, will be available to all businesses, including small and medium-sized enterprises (SMEs) and independent traders.
The program aims to help businesses affected by the current crisis meet their liquidity needs and stay afloat.
“This will help … businesses meet their immediate needs and continue to operate during and after the epidemic,” said Commission Executive Vice-President Margrethe Vestager, responsible for competition policy.
Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage resulting from reliance on the information, including data, quotes, graphics and buy / sell signals contained on this website. Please be fully informed of the risks and costs associated with trading on the financial markets, this is one of the riskiest forms of investment possible.