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The Coronavirus outbreak presents a major challenge to the entire European Union and solidarity is an important part of the response to this unprecedented crisis.

Cohesion Policy funding is playing a central role in the EU's  Coronavirus Response Investment Initiative, which aims to mobilise cohesion policy to flexibly respond to the rapidly emerging needs in the most exposed sectors, such as healthcare, SMEs and labour markets, and help the most affected territories in Member States and their citizens.

At this event Elisa Ferreira, European Commissioner for Cohesion and Reforms was in conversation with Jim Brunsden of the FT and Bruegel's Deputy Director, Maria Demertzis to discuss how the EU is making money available for those who need it the most.

This event is part of a series of talks and debates with Europe’s political leaders jointly organised by the Financial Times and Bruegel.

In our second event in our series with the Financial Times, Commissioner Paolo Gentiloni discussed the European response to the coronavirus crisis.

During this online event, Commissioner Thierry Breton spoke with Sam Fleming, Brussels bureau chief of the Financial Times, and Bruegel’s Director Guntram Wolff and discussed the European industrial strategy in face of the coronavirus.

The question whether trade policy instruments are fit for coping with the rise of state capitalism and a new dimension of state subsidies has already been discussed intensively in trade policy debates. Whether in this context competition law might also need to be updated and whether this should encompass new instruments are less debated questions which the first panel addressed.

The second panel built on this and discussed whether (and how) competition law needs to be updated with a view to ongoing digitization of the economy, seeing that digital technologies not only change the structure of markets but also open up new levels of strategic global competition. Access to data or digital infrastructure are important facets of this discussion in which Europe needs to find its own answers.