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Europe Daily Bulletin No. 8163

4 March 2002
Contents Publication in full By article 25 / 43
GENERAL NEWS / (eu) eu/state aid
Understanding on public guarantees extended to credit institutions

Brussels, 04/03/2002 (Agence Europe) - Along the lines of the agreement on reform of the guarantee system for German public banks (see EUROPE of 2 March, p.11), German Secretary of State for Finance Caio Koch-Weser and Commissioner Mario Monti reached an understanding, on Friday evening, on the public credit establishment KfW (Kreditanstalt für Wideraufbau). A problem of non-conform public guarantees had also been identified for KfW. There are about twelve banks of the KfW type, but there...

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