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Europe Daily Bulletin No. 10047

24 December 2009
Contents Publication in full By article 11 / 31
GENERAL NEWS / (eu) eu/state aid

23/12/2009 (Agence Europe) - On Wednesday 23 December, the European Commission authorised the rescue of BayernLB subsidiary Hypo Group Alpe Adria (HGAA) by Austria and the Land Carinthia for reasons of financial stability. At the same time, the Commission is extending its in-depth investigation, opened on 12 May 2009 into the total aid received so far by both banks. HGAA will have to provide an in-depth restructuring plan by end-March 2010. BayernLB has to revise the restructuring plan it...

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THE DAY IN POLITICS
GENERAL NEWS