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Europe Daily Bulletin No. 11881

12 October 2017
Contents Publication in full By article 2 / 26
ECONOMY - FINANCE - BUSINESS / State aid
Green light to restructuring plan and aid to sale of Novo Banco
Brussels, 11/10/2017 (Agence Europe)

On Wednesday 11 October, the European Commission approved the aid granted by the Portuguese state for the sale of the bank Novo Banco to Lone Star, as compliant with EU State aid rules.

The bank Banco Espirito Santo (BES) was placed under a resolution procedure in August 2014 by the Portuguese state, which transferred certain assets of the bank to a bridge bank, Novo Banco, through BES. The Commission  approved the sale of these assets, together with guarantees, on 4 August 2014, as the...

Contents

ECONOMY - FINANCE - BUSINESS
BANKS: Commission stresses that it is not watering down ambition of Banking Union
STATE AID: Green light to restructuring plan and aid to sale of Novo Banco
TAXATION: MEPs adopt opinions on two VAT texts
ECONOMY: Disagreements at Council on Commission's margin of appreciation on structural budgetary efforts
SECTORAL POLICIES
INDUSTRY: Sefcovic wants to present roadmap for EU strategy for electric batteries in early 2018
ENERGY: European Parliament committee decides on its negotiating position on revised directive on performance of buildings
DIGITAL: Council ready to negotiate on electronic communication code
DIGITAL: In copyright arena, European Parliament commissioned study opposes creation of neighbouring rights for press editors
JAI: Differences expected on Schengen during first exchange of views between Ministers of the Interior
JUSTICE: European justice ministers prepare to endorse creation of European Public Prosecutor's Office
JUSTICE: Towards European e-justice, Estonian style?
ENVIRONMENT/AGRICULTURE: MEPs disappointed with public hearing on Monsanto Papers
CONSUMERS: Dieselgate  – BEUC asks Juncker to propose collective redress procedure in EU
SOCIAL AFFAIRS
SOCIAL: No progress at Council on major questions relating to posted workers directive
EXTERNAL ACTION
TRADE: EU and UK to cooperate with WTO countries on Brexit implications for their commitments
TRADE: Council approves inter-institutional agreement on new EU anti-dumping rules
SERBIA: Belgrade denies being close to Russia
UKRAINE: Anders Fogh Rasmussen calls on EU and its member states to do more
COURT OF JUSTICE OF THE EU
INTELLECTUAL PROPERTY: Court upholds judgement of General Court in Cactus case
NEWS BRIEFS
FOREIGN AFFAIRS: EEAS and Eurojust want to develop information exchange
BALKANS: Commission expected to publish Balkans strategy in early 2018
PATENTS: António Campinos elected head of European Patents Office
INDUSTRY: Council apparently ready to give Commission mandatory role in monitoring motor vehicle market
OLAF: Giovanni Kessler seconded to Italy's Customs and Monopoly Agency, Nicolas Ilett takes his place at OLAF
TRANSPORT: According to independent study, SESAR programme has attained its objectives
TRANSPORT: Public consultation on cooperative and intelligent transport systems