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Europe Daily Bulletin No. 10777

2 February 2013
ECONOMY - FINANCE - BUSINESS / (ae) competition
Commission to examine nationalisation of SNS Reaal

Brussels, 01/02/2013 (Agence Europe) - The European Commission is awaiting details from the Dutch government of the nationalisation of bank and insurance company SNS Reaal at a cost of €3.7 billion before deciding how it will impact on the Dutch budget and whether the buy-up complies with EU state aid rules.

Dutch Finance Minister and new head of the Eurogroup Jeroen Dijsselbloem says the nationalisation became inevitable because if SNS, the country's fourth biggest bank which is...

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