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Europe Daily Bulletin No. 10022

19 November 2009
Contents Publication in full By article 16 / 30
GENERAL NEWS / (eu) eu/competition
Approval for restructuring plans from Lloyds, ING and KBC

Brussels, 18/11/2009 (Agence Europe) - On Wednesday 18 November, the European Commission approved restructuring plans submitted by British bank Lloyds, Dutch bank ING and Belgian bank KBC. “Nothing is free,” Competition Commissioner Neelie Kroes told press. After assessing support measures for the banking sector, she is now looking at how to restructure the sector in line with state aid rules (Article 87 para.3b of the Treaty). “We want a sound, viable banking system,” she said,...

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