Brussels, 20/03/2013 (Agence Europe) - The European Commission has concluded two separate in-depth investigations into state aid for short-term export credit support measures granted to insurance companies Ducroire of Belgium and SACE BT of Italy by their respective state-owned parent entities, Office National du Ducroire (ONDD) and SACE, concluding that it was used to subsidise insurance products that could easily have been found on the private market.
For Ducroire, the Commission cleared...