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Image header Agence Europe
Europe Daily Bulletin No. 9818
Contents Publication in full By article 26 / 32
GENERAL NEWS / (eu) eu/state aid

Recapitalisation of Anglo Irish bank approved

Brussels, 14/01/2009 (Agence Europe) - On Wednesday 14 January, the European Commission announced that it accepted an emergency recapitalisation worth €1.5 billion which the Irish authorities intend to grant to Anglo Irish Bank. The Commission found the measure to be in line with its guidance communications on state aid during the current financial crisis. The measure constitutes an adequate means to remedy a serious disturbance in the Irish economy while avoiding undue distortions of...

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