Brussels, 08/11/2010 (Agence Europe) - On 8 November, the European Commission authorised restructuring aid for the Spanish savings bank Cajasur, and the sale of its banking activities as part of its restructuring plan. It took the view that the restructuring plan for the bank contains appropriate measures to compensate the emergency aid granted in May 2010 to rescue the bank, whilst avoiding undue distortions of competition.
Due to its exposure in the framework of risky real estate...