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Europe Daily Bulletin No. 10986

18 December 2013
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Portuguese state guarantees for banks extended for six months

Brussels, 17/12/2013 (Agence Europe) - On 17 December, the European Commission authorised the extension until 30 June 2014 of a €20 billion guarantee scheme for credit institutions in Portugal. The scheme was initially approved in October 2008 and prolonged several times, most recently in August 2013. The Commission found the extension of the measures to be in line with its guidance on state aid to banks during the crisis. In particular, the extended measure is well targeted, proportionate...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
TOURISM - SOCIAL AFFAIRS - EDUCATION - CULTURE