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Save markets to save the single market

One year ago   |   By Bruegel

Necessary though it was, the temporary relaxation of state aid rules in the EU has brought grave unintended consequences. Through indiscriminate support, the EU is rapidly moving from an even playing field that promotes the “survival of the fittest” to a situation where only those with the “richest parents” survive.
The EU economic system will come out battered and unbalanced. Countries in the south will lose a substantial part of their production fibre as they lack the means to save those in need. But indiscriminate help in the richer north will also delay the natural sorting between...
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