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Image header Agence Europe
Europe Daily Bulletin No. 11132
Contents Publication in full By article 12 / 21
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Prolongation of Portuguese bank guarantee systems

Brussels, 30/07/2014 (Agence Europe) - On Wednesday 30 July, the European Commission authorised a second prolongation, until 31 December 2014, of a Portuguese scheme providing state guarantees to banks that guarantee European Investment Bank (EIB) loans granted to companies in Portugal. The scheme was initially approved on 27 June 2013 and prolonged in December 2013. The scheme will allow the continuation of funding provided by the EIB to the real economy and prevent the disruption of the...