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Last week, Boris Johnson refused Thomas Cook's request for financial assistance from the Government, reportedly to avoid a "moral hazard" for other failing businesses.  Yet, when Condor – a German subsidiary of Thomas Cook – requested a reported €200m of financial assistance in that same week, the German government is reported to have provided a €320m bridging loan to Condor.  What gives? In this podcast, we separate soundbites from State aid - and take a look at what the EU State aid rules mean for firms facing financial difficulty. You can find a transcript for this episode on our website: http://bit.ly/393TnGr  Find out more about our Competition and Antitrust team here: https://bit.ly/2MnpFER  We regularly talk about a broad range of topics that may be of interest to you. Register for an account on our website to receive our latest articles, podcasts and webinars: http://bit.ly/38eOKtP