Brussels, 31/07/2009 (Agence Europe) - On Friday 31 July, the European Commission authorised a German aid regime designed to save the assets of financial companies in order to stabilise the markets. The same day, the Commission issued a press release in which it welcomes the fact that the proposed mechanism is in line with Community rules.
"In particular, the mechanism provides ex-ante transparency and disclosure of impairments, valuation of the assets based on their real economic value, a...