login
login

Europe Daily Bulletin No. 8729

19 June 2004
Contents Publication in full By article 33 / 52
GENERAL NEWS / (eu) eu/state aid
Commission decides not to raise any objections to the Finnish legislation covering the Finnish Municipal Guarantee Board

Brussels, 18/06/2004 (Agence Europe) - On Wednesday, the European Commission decided not to raise any objections to the Finnish legislation whereby the Finnish Municipal Guarantee Board (MGB) grants guarantees to Municipality Finance Plc (MFL).

The previous legal framework governing MGB and MFL in Finland had not been clear enough in stating that special credit institutions, like the MFL, may benefit from State guarantees only with respect to their public tasks. Such public tasks include...

Contents

THE DAY IN POLITICS
GENERAL NEWS
CALENDAR
ECONOMIC INTERPENETRATION