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Europe Daily Bulletin No. 10385

25 May 2011
Contents Publication in full By article 34 / 35
GENERAL NEWS / (eu) eu/state aid
Crédit Mutuel, no over-compensation for “livret bleu”

Brussels, 24/05/2011 (Agence Europe) - On Tuesday 24 May, following an investigation, the European Commission concluded that Crédit Mutuel was not over-compensated for distribution of the “Livret bleu” savings account in France. In 2009, France had already liberalised the rules on distribution of the Livret bleu and Livret A tax-free savings accounts, allowing all banks to market them. Commenting on this decision, Joaquin Almunia, Commission Vice-President for Competition, said:...

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