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Image header Agence Europe
Europe Daily Bulletin No. 10094
Contents Publication in full By article 22 / 29
GENERAL NEWS / (eu) eu/state aid

Commission approves extension of German export credit scheme

Brussels, 09/03/2010 (Agence Europe) - On Tuesday 9 March, the European Commission authorised the extension until 31 December 2010 of a German scheme to limit the adverse impact of the current and economic crisis on the supply of export credit (see EUROPE 9977). Under the scheme, the German public credit institution Kreditanstalt für Wiederaufbau (KfW) will be allowed to purchase existing loans from banks. These banks will have to use the cash received to grant new export loans to...

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