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Europe Daily Bulletin No. 10243

26 October 2010
Contents Publication in full By article 19 / 31
GENERAL NEWS / (eu) eu/state aid
Danish aid for Fionia Bank liquidation approved

Brussels, 25/10/2010 (Agence Europe) - On Monday 25 October, the European Commission approved a package of Danish measures to liquidate Fionia Bank, a small bank that became insolvent in the wake of the financial crisis. The bank was initially rescued by the Danish government, a rescue that was temporarily approved by the Commission in May 2009. But as the rescue failed, Denmark sold a significant portion of Fionia to Nordea after an open tender. The bank's high-risk assets have been put in...

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