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Europe Daily Bulletin No. 9870

27 March 2009
Contents Publication in full By article 27 / 38
GENERAL NEWS / (eu) eu/state aid
Recapitalisation of bank of Ireland approved

Brussels, 26/03/2009 (Agence Europe) - On Thursday 26 March, the European Commission authorised the emergency recapitalisation of the Bank of Ireland. In the light of the financial crisis, Irish authorities informed the Commission on 11 March of their intention to inject €3.5 billion. The Commission found that the measure was in line with state aid rules during the current financial crisis. It is: - limited in scope; - requires adequate remuneration; - provides safeguards to minimise...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS