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Europe Daily Bulletin No. 9823

22 January 2009
Contents Publication in full By article 21 / 30
GENERAL NEWS / (eu) eu/state aid
Commission approves Finnish state guarantee for Kaupthing Bank

Brussels, 21/01/2009 (Agence Europe) - On Wednesday 21 January, the European Commission approved a Finnish state guarantee accompanying a private sector arrangement to the benefit of depositors in the Finnish branch of the insolvent Kaupthing Bank. The measure guarantees the banks which ensured full compensation of Kaupthing's Finnish depositors against legal risks. The Commission found the measure to be in line with its Guidance Communication on state aid to overcome the financial crisis....

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