Brussels, 02/04/2003 (Agence Europe) - The European Commission and the Austrian authorities have reached agreement on phasing out state guarantees ("Ausfallshaftung") granted to several Austrian public banks. It is the first time that the model, established for the German case, has been applied outside its borders, stressed Commissioner Monti, who was clearly very pleased that it could be used as a reference to resolve similar cases in other Member States. Following Germany's example,...