Brussels, 20/04/2015 (Agence Europe) - On Friday 17 April, the European Commission found that the aid granted to the small Greek bank Panellinia is in line with the European rules on state aid.
The small retail bank Panellinia, which represents 0.3% of the Greek banking market, was placed in a resolution process by the Bank of Greece as it failed to cover a capital shortfall identified in the 2013 stress test of the Greek banking sector. Under the resolution plan, selected activities of the...