Brussels, 22/02/2013 (Agence Europe) - Dutch bank and insurance company SNS Reaal's nationalisation by the Netherlands was given the go-ahead by the European Commission on 22 February, thus preventing the collapse of the country's fourth largest bank and danger to its financial system (see EUROPE 10777).
The Netherlands will pay €300 million to bail out the bank, along with a bridging loan of €1.1 billion. The Commission's authorisation is only temporary and is granted under the EU...