Brussels, 28/10/2008 (Agence Europe) - On 28 October, the European Commission approved the German state aid scheme to banks and other financial institutions. After cooperating closely with Berlin when the programme was being drawn up, the Commission felt the scheme to ease the situation of the banks which are suffering because of the financial crisis complied with Community law.
“The Commission found the scheme and the commitments to constitute an appropriate means to restore confidence...