22/02/2012 (Agence Europe) - Approval of extension of Italian state guarantees for credit institutions. On Wednesday 22 February, the European Commission has approved the extension of a scheme allowing state guarantees for credit institutions in Italy until 30 June 2012. The scheme was initially approved in December 2011. The Commission found the extension to be in line with its guidance on state aid to banks during the economic and financial crisis. In particular, it said that the measures...