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Image header Agence Europe
Europe Daily Bulletin No. 10760
ECONOMY - FINANCE - BUSINESS / (ae) state aid

What criteria for French aid to PSA Finance?

Brussels, 09/01/2013 (Agence Europe) - On 7 January 2013, the French government officially informed the European Commission of the rescue plan for the PSA Finance bank (part of the Peugeot-Citroën group), reports French economic newspaper Les Echos, implicitly admitting that the €7 billion guarantee granted by the French state to help the bank refinance itself on the markets is state aid under EU rules. The Commission will now have to examine the plan in detail and reply within two...

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