07/11/2017 (Agence Europe) – On Tuesday 7 November, the European Commission approved the prolongation of a Portuguese guarantee scheme for credit institutions, until 7 May 2018. This measure was originally approved on 30 October 2008 (see EUROPE 9773) and has been prolonged several times. The Commission examined the scheme from the point of view of EU state aid rules and the communication of 10 July 2013 on the banking sector. Considering that the scheme was targeted, proportionate and...