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  • Sat. Oct 5th, 2024

EU may waive state-subsidy rules to bolster virus-hit economy

EU may waive state-subsidy rules to bolster virus-hit economy

BRUSSELS (Reuters) – European Union officials are considering temporarily suspending its rules on state subsidies and financial support to economic segments hit hardest by the coronavirus outbreak, an official said on Friday.

Euro zone growth is likely to be slower this year than the 1.2% forecast just last month because of the effects of the virus epidemic, the European Commission said in an internal preliminary assessme

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