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Europe Daily Bulletin No. 9611

28 February 2008
Contents Publication in full By article 12 / 31
GENERAL NEWS / (eu) eu/state aid
Commission launches probe into state bail-outs of IKB and Sachsen LB

Brussels, 27/02/2008 (Agence Europe) - On Wednesday 27 February 2008 the European Commission opened an in-depth investigation into state support measures in favour of the German banks IKB and Sachsen LB. Several public banks saved IKB and Sachsen LB after they had experienced difficulties created by their investments and losses in US sub-prime markets. The Commission has to assess whether these measures are compatible with EU rules for rescuing and restructuring firms in difficulties or...

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