Brussels, 19/07/2013 (Agence Europe) - The European Commission decided on Friday 19 July that the winding down of Austrian bank Kommunalkredit Austria AG is in line with EU state aid rules. Kommunalkredit will cease new lending, thus not competing on the markets any longer, and ultimately, after the full run-down, will exit from the market altogether. This will minimise distortions of competition brought about by the state support. An initial restructuring plan approved by the Commission in...