Brussels, 23/12/2008 (Agence Europe) - On Tuesday 23 December 2008, the European Commission authorised two lots of German state aid for banks hit by the credit crunch.
IKB - Germany is granting IKB a guarantee to cover the bank's medium-term refinancing needs in the financial crisis. The aid will ensure that IKB's restructuring is not impeded by lack of liquidity. The Commission has welcomed the plan to limit the German state aid programme's impact on competition, particularly the...