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Originally Posted by 1andrew1
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Nonsense. Germany has consistently spent a great deal more on state aid pre-covid and since. We are nowhere near German levels, so have lots of room to spend more.
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The UK public sector has spent less in business support than most other EU countries. In 2018, the UK spent 0.38% of GDP on state aid (excluding railways, and agriculture and fisheries), while France spent 0.79% and Germany 1.45%.
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2018 EU report
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UK 9.2bn Euros
France 18.6bn Euros
Germany 48.6bn Euros
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48.6 is just more than a tad greater than 9.2.
Covid related aid
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It is not an even game, however, as richer or less indebted states have more scope to channel funds.
While Germany makes up for about a quarter of the EU’s GDP, it accounts for some 52% of the total value of the emergency coronavirus state aid cleared so far, Commission data shows.
France and Italy share joint second place, each with 17% of the total, and the Commission plans to maintain its hands-off approach till at least the end of 2020.
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Germany granted a €3 billion government-backed loan to sports retailer Adidas, a €1.8 billion loan commitment to holiday operator TUI and is in talks with Lufthansa on a €9 billion rescue package, among others.
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