Brussels, 28/06/2006 (Agence Europe) - On 28 June the European Commission decided to ask Germany formally to modify its legislation (Article 40 of the "Kreditwesengesetz") which provides that the name "Sparkasse" (savings bank) may be used only by publicly-owned banks. The effect of this law is that a savings bank automatically loses the right to use the name "Sparkasse" after privatisation. The Commission considers that this is in violation of EC Treaty rules on the freedom of establishment...