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Europe Daily Bulletin No. 10005

24 October 2009
Contents Publication in full By article 36 / 43
GENERAL NEWS / (eu) eu/state aid
Green light to Cypriot state aid scheme for credit institutions

Brussels, 23/10/2009 (Agence Europe) - On Thursday 22 October, the European Commission approved a Cypriot state aid scheme to issue special government bonds which will be used by credit institutions as collateral to obtain liquidity from the European Central Bank (ECB) and on interbank markets. The credit institutions would use the liquidity raised for housing loans and loans to small- and medium- sized enterprises on competitive terms. The special bonds would pay no coupons and would have a...

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THE DAY IN POLITICS
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