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Europe Daily Bulletin No. 9654

1 May 2008
Contents Publication in full By article 11 / 31
GENERAL NEWS / (eu) eu/state aid
Rescue aid for WestLB approved

Brussels, 30/04/2008 (Agence Europe) - On Wednesday 30 April, the European Commission authorised, a risk shield to protect WestLB against the difficulties caused by the subprime crisis in the US. The State of North Rhine-Westphalia and regional savings banks want to provide a risk shield to WestLB of up to €5 billion against the volatility of its € 23 billion structured investment portfolio. The approval of the rescue aid does not, however, prejudice the Commission's assessment of the...

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