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Europe Daily Bulletin No. 10046

23 December 2009
Contents Publication in full By article 13 / 27
GENERAL NEWS / (eu) eu/state aid
Commission gives temporary authorisations to state guarantees of €18 billion to German bank Hypo Real Estate

Brussels, 22/12/2009 (Agence Europe) - On Monday 21 December, the European Commission decided to give its temporary authorisation to state guarantees of €8 billion and €10 billion respectively in favour of the German bank Hypo Real Estate (HRE). It takes the view that these guarantees represented an appropriate way of remedying a serious disturbance on the German economy, making them compatible with article 107, paragraph 3, point b) of the Treaty on the Functioning of the European Union...

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