Brussels, 14/11/2008 (Agence Europe) - On 14 November 2008, the European Commission approved bank bailouts put forward by Italy and Finland. In light of its policy paper published on 13 October 2008 (see EUROPE 9760), a spokesperson for EU Competition Commissioner Neelie Kroes said: “Both are compatible [with Community law] because they provide for non-discriminatory access, they are limited in time and scope, and they include proper safeguards to limit the distortion of competition.” In...