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Image header Agence Europe
Europe Daily Bulletin No. 10406
Contents Publication in full By article 13 / 35
GENERAL NEWS / (ae) eu/state aid

27/06/2011 (Agence Europe) - Greece. On Monday 27 June, the European Commission authorised a six-month extension (until 31 December 2011) of a scheme for the recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF), including a guarantee scheme and a bond loan scheme. The first scheme had been approved for the first time in 2010 (see EUROPE 10207), while the others were approved in November 2008. The Commission found the extended schemes to be in line with its guidance on state aid to banks during the crisis, and in particular the communication on the application, from 1st January 2011, of state aid rules to support measures in favour of banks in the context of the financial crisis. (F.G./transl.jl)

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