The European Commission authorized on Thursday 16 January the prolongation until 31 May 2020 of the Greek guarantee scheme for credit institutions under EU State aid rules (see EUROPE B12154A29). The liquidity situation of Greek banks is gradually improving, but difficulties remain, the Commission analyses.
In this context, the Commission found that the prolongation of the guarantee scheme is in line with EU State aid rules, in particular because the prolonged measure is targeted,...