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Europe Daily Bulletin No. 9801

11 December 2008
Contents Publication in full By article 16 / 42
GENERAL NEWS / (eu) eu/state aid
Commission approves Austrian programme of support to financial institutions

Brussels, 10/12/2008 (Agence Europe) - On Wednesday 10 December, the European Commission approved the programme proposed by the Austrian state to support credit and insurance institutions. The Commission stated that it was satisfied by the measures envisaged to limit potential distortions of competition on the credit market. In particular, the Austrian package is the first to provide the possibility, for the institutions in question, to ensure the value of their assets. "The Commission is...

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