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Europe Daily Bulletin No. 11292

11 April 2015
Contents Publication in full By article 14 / 31
ECONOMY - FINANCE - BUSINESS / (ae) state aid
PTSB restructuring aid gets go-ahead

Brussels, 10/04/2015 (Agence Europe) - On Thursday 9 April, the European Commission gave the go-ahead to restructuring aid for Irish bank Permanent TSB.

The Commission says the restructuring plan sets out the path for PTSB to become viable in the long-term without further state support, while ensuring that the bank and its owners contribute to the cost of restructuring and limiting the distortions of competition created by the aid.

PTSB has received state support several times in the form...

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