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Image header Agence Europe
Europe Daily Bulletin No. 10551
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Spain re-introduces bank guarantee system

Brussels, 10/02/2012 (Agence Europe) - On Thursday 9 February, the European Commission gave the go-ahead to the reintroduction of a Spanish state guarantee system for banks that will run until 30 June 2012. The aid system was initially approved in December 2008, and has already been extended twice. It provides state guarantees (at a price) for solvent banks to help them raise short-term finance through bonds and other securities on the Spanish secondary market for between three months and...

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