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Europe Daily Bulletin No. 9776

6 November 2008
Contents Publication in full By article 17 / 35
GENERAL NEWS / (eu) eu/state aid
Commission green light to Spanish scheme to stabilise financial markets

Brussels, 05/11/2008 (Agence Europe) - On Tuesday 4 November, the European Commission approved a Spanish scheme intended to stabilise financial markets by providing liquidity to eligible financial institutions. Following close cooperation with the Spanish authorities, the Commission found the scheme to be in line with its Guidance Communication on state aid to overcome the current financial crisis. In a press release, the Commission explained: “The measure constitutes an adequate means to...

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THE DAY IN POLITICS
GENERAL NEWS