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Europe Daily Bulletin No. 10626

5 June 2012
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Irish bank guarantee scheme extended

Brussels, 04/06/2012 (Agence Europe) - On Monday 4 June, the European Commission gave the go-ahead for the extension until 31 December 2012 of the Irish public guarantee scheme for certain bank debts and deposits in Ireland. The scheme was initially approved in December 2008, revised in November 2009 and extended six times since then. It aims to ensure stability on the financial markets by allowing eligible banks to access funding by means of a state guarantee system for their debt. The...

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