27/06/2013 (Agence Europe) - New Portuguese bank guarantee scheme approved. On Thursday 27 June, the European Commission approved a new Portuguese scheme providing €2.8 billion in state guarantees. The scheme will allow participating banks to continue acting as guarantors for both existing and new loans on an EIB loan portfolio of up to €6 million to fund Portuguese companies without compromising their liquidity position. The scheme is needed because as result of the Portuguese sovereign...