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Europe Daily Bulletin No. 10666

31 July 2012
ECONOMY - FINANCE - BUSINESS / (ae) state aid
State aid scheme extended for Lithuanian banks

Brussels, 30/07/2012 (Agence Europe) - On Monday 30 July 2012, the European Commission authorised the extension until 31 December 2012 of a state aid scheme for Lithuanian banks, initially authorised on 5 August 2010 (see EUROPE 10197). The scheme provides new capital to eligible banks and new guarantees for new short- and medium-term loans and the sale of toxic assets. The measures have already been extended several times - on 21 January 2011, 27 June 2011 and 6 March 2012. The Commission...