latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/european-commission-clears-covid-19-support-for-portugal-poland-greece-57912796 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

European Commission clears COVID-19 support for Portugal, Poland, Greece

Four Early Warning Signs Of Public Company Credit Risk Deterioration

Technology, Media & Telecom

2018 Cable Outlook: Top Developments To Watch For


Steady Broadband ARPU Growth Expected Despite Fierce Competition In East Asia


Mobile World Congress Vodafone CEO Calls For Tougher Regulation Of Tech Giants

European Commission clears COVID-19 support for Portugal, Poland, Greece

The European Commission has signed off on a number of multi-billion-euro state support packages to help countries affected by the coronavirus outbreak, Reuters reported.

The commission approved a €13 billion state aid plan for the Portuguese economy, a €22 billion plan of state guarantees for Poland and a €2 billion scheme for Greece.

Commission Executive Vice President Margrethe Vestager said in a statement that this aid plan will support Polish businesses' working capital and investment needs which are affected by the COVID-19 outbreak. She further added that the Greek support plan will allow for state guarantees on working capital loans.

The move came after the commission showed some leniency and allowed governments to help businesses and banks after industries began to collapse and people were asked to stay indoors to prevent the spread of the coronavirus.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.