Brussels, 30/10/2008 (Agence Europe) - On Thursday 30 October, the European Commission approved Swedish and Portuguese state rescue packages to the financial sector. This takes to six the number of member states whose (similar) packages have been approved. A number of others - from Belgium, France, the Netherlands and Italy - are currently being examined by the Commission.
The Swedish and Portuguese schemes are “both guarantee regimes”, the spokesman for the Competition Commissioner...