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Europe Daily Bulletin No. 10756

21 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Four new restructuring plans approved for Spanish banks

Brussels, 20/12/2012 (Agence Europe) - The European Commission has approved the restructuring plans of four Spanish banks, Liberbank, Caja3, Banco Mare Nostrum (BMN) and Banco CEISS. These banks are expected to become viable again in 2017, due to an injection of public funds from the European Stability Mechanism (ESM) and the FROB (Spanish Fund for Orderly Bank Restructuring). On Thursday 20 December, Commission vice president, Joaquín Almunia (competition) announced that in exchange for...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU