Brussels, 16/03/2009 (Agence Europe) - On Friday 13 March, the European Commission approved a state guarantee underwriting a €450 million loan granted to Banco Privado Português by six Portuguese banks. The Commission found the temporary rescue measure to be in line with its guidance communication on state aid to overcome the financial crisis. In particular, it found that it was “necessary to remedy the severe liquidity problems of Banco Privado Português and to preserve confidence in...