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Europe Daily Bulletin No. 9959

21 August 2009
Contents Publication in full By article 12 / 16
(eu) eu/state aid
Commission authorises additional aid to IKB

Brussels, 20/08/2009 (Agence Europe) - On 17 August, the European Commission authorised guarantees of a maximum total of 7 billion euros for the German bank IKB. This bank already received State aid last year (EUROPE 9766 and 9810), but additional measures were felt to be necessary. The Commission was able to take a positive decision thanks to the commitment of the German authorities to provide a revised restructuring plan within three months. The initiative comes within the framework of the...