Looser EU rules that have allowed EU governments to grant more than 3 trillion euro in state aid to thousands of virus-hit companies in the last two years will end on June 30, EU competition regulators said on Thursday. Of this figure, around 730 billion euros was actually spent, the European Commission said. “The improving economic situation in view of the relaxation of restrictions is the main reason why we have decided not to prolong the State aid COVID Temporary Framework beyond 30 June 2022,” European Vice-President Margrethe Vestager said in a statement.
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