Brussels, 30/06/2014 (Agence Europe) - On Monday 30 June, the European Commission announced that it had approved a Bulgarian bank bailout scheme (see EUROPE 11106).
On 29 June, Bulgaria asked the Commission to authorise the provision of a credit line of 3.3 billion BGN (€1.7 billion) in state aid for the banking system to respond to speculative attacks that started on 20 June and forced the government to temporarily close Commercial Corporate Bank and First Investment Bank. The Commission...