European Commission drafting new proposal to let states aid virus-hit companies - FT
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(Reuters) - The European Commission is planning to let member states help companies directly impacted by the coronavirus outbreak through an injection of equity, the Financial Times reported https://www.ft.com/content/17596577-b3ca-4c5c-bd2c-da5d0d3042cd on Monday, citing people with knowledge of the proposal.The new scheme would call on European Union member states to "provide further support in equity or hybrid capital instruments" to such businesses, according to the report.The proposal,..