Brussels, 11/05/2009 (Agence Europe) - On Monday 11 May, the European Commission approved, the amendments to the original recapitalisation measure (Tier 2 capital) of the Latvian JSC Parex Banka, initially approved on 24 November. Under the proposed changes, Latvia would acquire newly issued ordinary shares and subordinated term debt. The Commission found that the amendments were in line with its Communication on the recapitalisation of banks during the crisis (EUROPE 9790) and that the...