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Europe Daily Bulletin No. 11487

11 February 2016
Contents Publication in full By article 21 / 28
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Hungarian and Italian impaired asset management measures not state aid

Brussels, 10/02/2016 (Agence Europe) - On Wednesday 10 February, the European Commission announced that it took the view that the Hungarian and Italian plans to transfer non-performing loans of Hungarian and Italian banks did not constitute state aid.

In the case of Italy,Wednesday's decision seals the deal concluded between the Commissioner for Competition, Margrethe Vestager, and the Italian finance minister, Pier Carlo Padoan, on 26 January (see EUROPE 11477). Readers may recall that the...

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