Brussels, 22/09/2010 (Agence Europe) - On Tuesday 21 September, the European Commission approved until 31 December 2010, a guarantee scheme for credit institutions in Ireland, which is aimed at providing them with continuous access to financing in the next few months and encouraging them, whenever possible, to obtain funding on the markets without state aid and thus limiting distortions to competition. The plan laid out a number of different commitments necessary for conduct and information, as well as on bonuses, which continue to increase in comparison with the former scheme (Eligible Liabilities Guarantee Scheme), authorised on 30 November 2009 and extended since then. It covers commitments on notes issued by the Treasury, deposit certificates, inter-banking deposits and corporate deposits that are less than three months and issued between 30 September and 31 December 2010. The Commission considers that the guarantees included in the plan which was authorised yesterday, are well targeted and proportionate, and that they constitute an appropriate instrument in compliance with the Treaty for tackling serious disturbances to the Irish economy. (F.G./transl.fl)