Brussels, 01/12/2010 (Agence Europe) - The vice-president of the European Commission, Commissioner Almunia, announced on Wednesday 1 December 2010 that it was extending the temporary state aid system introduced in 2008 until 31 December 2011, but has introduced stricter rules and will be phasing the system out in order to return to normal market operations.
For the financial industry, Almunia explained that from 1 January 2011 onwards, any bank requesting state aid in the form of capital or...