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Europe Daily Bulletin No. 8432

29 March 2003
Contents Publication in full By article 18 / 37
GENERAL NEWS / (eu) eu/state aid
Agreement on abolition of the guarantee by CDC to its subsidiary CDC IXIS

Brussels, 28/03/2003 (Agence Europe) - Commissioner Mario Monti and French Finance Minister Francis Mer reached an agreement on Friday on the phasing out of the State guarantee granted in 2001 by the "Caisse des dépôts et de consignations" (CDC) to its subsidiary CDC IXIS. The guarantee will be phased out to come to an end in January 2007. This is the first time that the principles of the agreement reached with the German Landesbanken in 2002 is applied outside Germany, Tilman Lueder, the...

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