Brussels, 21/01/2011 (Agence Europe) - On 20 January, the Commission authorised the extension, until 30 June 2011, of a Lithuanian and two Portuguese bank support schemes.
In the case of Lithuania, the scheme consists of state guarantees, asset relief measures and recapitalisations in the form of subordinated loans. It was initially approved on 5 August 2010 (see EUROPE 10197). With regard to Portugal, the Commission has allowed extension of the recapitalisation scheme, initially approved...