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Europe Daily Bulletin No. 8379

16 January 2003
Contents Publication in full By article 18 / 29
GENERAL NEWS / (eu) eu/state aid
Mario Monti welcomes abolition of State guarantees for German public sector banks

Brussels, 15/01/2003 (Agence Europe) - The German authorities have met the demands of the European Commission to end guarantees to its public sector banks and savings banks in keeping with the time limit (end 2002) - pursuant to the agreements concluded in July 2001 and February 2002 (see EUROPE 2 March 2002 p 13). As a result, the "Gewährträgerhaftung" (e.g. the Federal Government, the Länder or the municipalities) is obliged to protect the economic basis of the institution and maintain...

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