Brussels, 23/06/2010 (Agence Europe) - On Wednesday 23 June, the European Commission decided to extend a rescue scheme for credit institutions in Germany until the end of the year and the Hungarian recapitalisation scheme for credit institutions for a further six months. In both cases, an increase in premiums to be paid by the banks is expected.
The guarantee scheme in Germany was initially approved on 27 October 2008 and amended on 12 December 2008. With regard to its extension, the...