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Europe Daily Bulletin No. 9848

26 February 2009
GENERAL NEWS / (eu) eu/economy
Commission presents common Community framework for purchase and guarantee of impaired assets

Brussels, 25/02/2009 (Agence Europe) - On Wednesday 25 February, the European Commission adopted a communication on the treatment of impaired assets, seeking to ensure consistency in the ways member states help banks get rid of their toxic assets. Far from recommending a single approach for all, the communication established, with more or less flexibility, guidelines for the conditions to be met to ensure a level playing field and compliance with state aid rules. Each member state is free,...

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