Brussels, 23/10/2009 (Agence Europe) - On Friday 23 October, the European Commission opened an in-depth investigation into the risk shield and the recapitalisation provided by two German Länder to HSH Nordbank AG. The aid was approved in May of this year: the Commission will now scrutinise the implementation arrangements, particularly in the light of the restructuring plan that was submitted to it in September.
The €10 billion risk shield and the €3 billion recapitalisation provided by...