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Europe Daily Bulletin No. 9879

9 April 2009
GENERAL NEWS / (eu) eu/economy
New rise in ceiling of balance-of-payments assistance facility

Brussels, 08/04/2009 (Agence Europe) - As announced at the most recent European Council meeting (see EUROPE 9866), the European Commission agreed on Wednesday 8 April 2009 to increase to €50 billion the overall ceiling of a loan facility to help non-eurozone countries in the EU to cope with balance-of-payment difficulties. This follows a previous rise in December 2008, when the ceiling went up by €12 bn to €25 bn. Thus far, three countries have been granted loans of a total of €14.6...

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