Brussels, 06/08/2010 (Agence Europe) - On Thursday 5 August, the European Commission authorised the Lithuanian aid plan aimed at stabilising the markets as a response to the global financial crisis.
The aid package will be comprised of three measures intended to stabilise the financial markets. These are: - an asset relief measure, whereby Lithuania will take over certain categories of bank assets from beneficiary banks in exchange for cash or government securities. - a recapitalisation...