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Europe Daily Bulletin No. 8001

7 July 2001
Contents Publication in full By article 19 / 57
GENERAL NEWS / (eu) eu/competition
European Banking Federation vigorously opposes ten year transition period for Landesbanken

Brussels, 06/07/2001 (Agence Europe) - The European Union Banking Federation (EBF) firmly spoke against any transition period during which the German state banks ("Landesbanken") continue to enjoy guarantees from the State and encourages the European Union not to accept any delay from Germany. The EBF believes that the Landesbanken are presently putting pressure on the Commission in order to obtain a transition period of 10 years to, they apparently say, allow them to implement the...

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