19/12/2016 (Agence Europe) – On Monday 19 December, the European Commission approved the prolongation of the Greek guarantee system for credit institutions until 30 June 2017. Whilst the liquidity situation of Greek banks is gradually improving, the Commission found that the six-month prolongation of the guarantee scheme is in line with the rules on state aid, in particular because the prolonged measure is targeted, proportionate and limited in time and scope. The Commission has previously...