Brussels, 23/12/2008 (Agence Europe) - On 23 December 2008, the European Commission approved a Latvian support scheme to provide guarantees to banks to ensure their financing. The Commission's analysis showed that the scheme's time and scope restrictions and non-discriminatory access criteria mean that it complies with EU rules. The Commission also believes that the remuneration demanded in return corresponds to market conditions for similar guarantees.
The Latvian guarantees can apply to...