19/01/2017 (Agence Europe) – On Thursday 19 January, the European Commission announced that it had approved Italian plans aiming to support access to liquidity for the financial institutions Banca Popolare di Vicenza and Banco Veneto by means of state guarantees. The state aid will consist of a state guarantee for bonds that the two banks plan to issue. Both banks will pay a fee to the Italian state for this guarantee. The Commission found that the measure is targeted, proportionate and limited in time and scope. The institution was therefore able to conclude that the support was in line with EU rules on state aid, in particular its communication of 2013. (EL)