25/07/2011 (Agence Europe) - Green light for capital injection for Caja de Ahorros del Mediterraneo. On Monday 25 July, the European Commission approved a €2.8 billion capital injection and €3 billion liquidity facility for Caja de Ahorros del Mediterraneo (CAM), provided under the Spanish Fondo de Restructuración Ordenada Bancaria (FROB, Spain's Fund for Orderly Bank Restructuring). The fund will temporarily take over management of the running of the bank in preparation for its sale to another institution. The Commission found the rescue package for CAM to be in line with its guidance on state aid to banks to overcome the financial crisis. Spain has pledged to submit a restructuring plan within six months. (F.G./transl.rt)