Jupiter Merlin Portfolios coronavirus weekly update

This week has been one of targeted fiscal heavy lifting, particularly in the European Union. One of the ironies of the current impasse between the EU and the UK in concluding a free trade agreement is the EU’s insistence that its strict rules on state aid provision must be adhered to by the UK so as not to give British companies a competitive advantage (or, more accurately, not to put EU companies at a disadvantage). Announced a while ago, Italy’s flag-carrying airline Alitalia has already been bailed out, as has KLM-Air France by both the Dutch and French governments.

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