login
login

Europe Daily Bulletin No. 9625

19 March 2008
Contents Publication in full By article 18 / 29
GENERAL NEWS / (eu) eu/competition
Restructuring of Northern Rock under examination

Brussels, 18/03/2008 (Agence Europe) - The European Commission will, “as quickly as possible”, consider the restructuring plan, which Brussels received on 17 March, for British bank Northern Rock. The outline business plan will seek to show how the £24 billion (€31 billion) of aid from the British state will make the bank profitable once again. The Commission spokesman told press that “it is clear that the bank must shrink”. He stressed that “the Commission is not asking for...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
SUPPLEMENT