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Image header Agence Europe
Europe Daily Bulletin No. 9787
Contents Publication in full By article 26 / 28
GENERAL NEWS / (eu) eu/state aid

20/11/2008 (Agence Europe) - On Wednesday 19 November, the European Commission approved a Greek package intended to stabilise the markets as a response to the global financial crisis. The package will provide eligible credit institutions with new capital and securities which can be converted into liquidity with the ECB. It also includes guarantees on short and medium term newly issued debt, under strict conditions. Like the plans from other member states approved by the Commission over the last few weeks, the Greek package is, the Commission says, in line with its guidance communication on state aid to overcome the financial crisis of 13 October. The non-confidential version of the decision will be available (case number N560/2008) in the State Aid Register and on the DG Competition website (http: //http://www.ec.europe.eu/comm/competition/state_aid/register ). (C.D./transl.rt)

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THE DAY IN POLITICS
GENERAL NEWS