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Europe Daily Bulletin No. 8128

14 January 2002
Contents Publication in full By article 15 / 33
GENERAL NEWS / (eu) eu/competition
European commission must make credit mutuel pay back illegal funding from Livre bleu

Brussels, 14/01/2002 (Agence Europe) -

On Tuesday, the Commission is expected to rule against Crédit Mutuel and demand that it pays back around EUR 300 million to the French State, a figure that corresponds to the illegal funding it received from the Livre Bleu. The Livre bleu is a savings account exempt from taxes up to a certain amount and since 1975, provided exclusively by Crédit Mutuel. The entirety of these funds for this financial product has been centralised at the Caisse des...

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