Brussels, 03/11/2008 (Agence Europe) - On Friday 31 October, the French authorities approved a debt-refinancing scheme for credit institutions. On the same day, in a different decision, the European Commission also endorsed a Dutch state guarantee scheme.
On 16 October 2008 the French authorities passed a law authorising a refinancing scheme. They officially notified the Commission about the scheme on 28 October 2008. This does not involve a direct guarantee scheme as such but rather, use...