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Europe Daily Bulletin No. 7689

1 April 2000
Contents Publication in full By article 14 / 40
GENERAL NEWS / (eu) eu/state aid/banks
Mr. Monti will invite Commission to entrust Court of Justice with case of state aid to Westdeutsche Landesbank

Brussels, 31/03/2000 (Agence Europe) - The European Commissioner for Competition, Mario Monti decided to invite the Commission to pass to the Court of Justice the case of aid from the North Rhine-Westphalia Land to the public regional bank Westdeutsche Landesbank Girozentral. The Commission should give a verdict next 12 April.

Last July, the Commission decided that the conditions under which this bank had obtained proper funds constituted illicit aid and invited the German authorities to...

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