34. State Aid and bailouts

Listen Up - a legal podcast from Gowling WLG

Last week, Boris Johnson refused Thomas Cook's request for financial assistance from the Government, reportedly to avoid a "moral hazard" for other failing businesses. Yet, when Condor – a German subsidiary of Thomas Cook – requested a reported €200m of financial assistance in that same week, the German government is reported to have provided a €320m bridging loan to Condor. What gives?

In this podcast, we separate soundbites from State aid - and take a look at what the EU State aid rules mean for firms facing financial difficulty.

You can find a transcript for this episode on our website: http://bit.ly/393TnGr

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