A "moral hazard"? A look at State aid and "bailouts"

02 October 2019

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.




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