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Europe Daily Bulletin No. 8202

29 April 2002
Contents Publication in full By article 25 / 36
GENERAL NEWS / (eu) eu/competition
Monti welcomes formal acceptance by Germany of abolition of State aid to public banks

Brussels, 29/04/2002 (Agence Europe) - Germany has formally agreed to abolish State aid to public banks, in compliance with the agreement recently reached with the Commission (see EUROPE of 2 March, p.11). Commissioner Monti commented on this announcement as follows: "Germany's acceptance represents a milestone in our efforts to ensure a level playing field in the financial services sector. This development will also be beneficial to the competitiveness of the German and European economy,...

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