18/07/2008 (Agence Europe) - On Thursday 17 July 2008, the European Commission approved a €2.4 million loan guarantee by the Greek State to rescue the fibre yarns producer Varvaressos S.A. As all the requirements of the Community guidelines on state aid for rescuing and restructuring firms in difficulty are satisfied and the Greek authorities made the necessary commitments, the Commission considers that the aid does not threaten to unduly distort competition in the Single Market and is...