Many businesses are—or soon will be—unable to meet their obligations. Not all businesses in distress are unsuccessful; sometimes, as in the economic circumstances arising from the novel coronavirus (COVID-19) and the governmental directives tailored to address the related public health issues, even successful businesses must confront closures and steep declines in demand that could not have been anticipated, and may find it necessary or desirable to restructure their existing debt obligations.

What’s going on in Brussels? A lot. And trying to follow it all can be difficult.

So this section of AcrossEU seeks to provide you with an overview of what each of the three main EU institutions are doing.

The Commission