A Flexible, Differentiated and Permanent State Aid regime for EU Islands
In its letter on the 6th of July 2020 the Network of Insular Chambers of the European Union-INSULEAUR, suggested a fair and inclusive recovery to address the economic and social problems which all the EU states suffered during the current pandemic. INSULEUR reiterated the need for the adoption of a specific strategy for EU islands. The President of INSULEUR, Joseph Borg, also suggested that EU governments must provide adequate support in their policies and budgets by factoring a differentiated and permanent solution to islands’ concerns by targeting proposals for the:
- Diversification island economies;
- Supporting islands with the migration influx;
- Ensuring flexibility in the State Aid regime (with a higher threshold for islands);
- Adopting a specific VAT regime for islands.
The full press release issued by INSULEUR can be accessed here.