Brussels, 12/05/2009 (Agence Europe) - On Tuesday 12 May, the European Commission took a number of important decisions in the banking sector, which Competition Commissioner Neelie Kroes has described as “a vital artery of the economy”.
Firstly, the Commission approved a €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008. The prolongation of the risk shield, authorised as a temporary measure on 30 April...