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Europe Daily Bulletin No. 10973

29 November 2013
Contents Publication in full By article 34 / 36
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Commission endorses French mortgage lender's resolution

Brussels, 28/11/2013 (Agence Europe) - On 27 November, the European Commission approved under EU state aid rules the orderly resolution of French mortgage lender Crédit Immobilier de France (CIF) for reasons of financial stability. France will provide up to €28 billion of state guarantees to fund the orderly resolution. According to the resolution plan CIF will cease any new business and run off its assets over a period of up to 22 years. This will eliminate any distortions of competition...

Contents

EXTERNAL ACTION
SECTORAL POLICIES
SOCIAL AFFAIRS
INSTITUTIONAL
ECONOMY - FINANCE - BUSINESS
COURT OF JUSTICE OF THE EU