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Image header Agence Europe
Europe Daily Bulletin No. 10658
Contents Publication in full By article 13 / 28
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Commission approves recapitalisation of CGD for six months

Brussels, 18/07/2012 (Agence Europe) - On Wednesday 19 July 2012, the European Commission temporarily approved an injection of €1,650 billion of core Tier 1 capital into Caixa Geral de Depositos S.A. (CGD) for reasons of financial stability. Portugal has committed to providing a restructuring plan for CGD within six months of the injection and the Commission has therefore authorised it until 29 December 2012 on a temporary basis, issuing a final decision at a later date about whether the...

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A LOOK BEHIND THE NEWS
INSTITUTIONAL
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION