Brussels, 13/10/2009 (Agence Europe) - On Tuesday 13 October, the European Commission approved the extension of some of the credit guarantee and recapitalisation schemes put in place by UK authorities a year ago. The Commission took the view that the extension is in line with its communication on state aid to overcome the financial crisis.
In line with the initial state aid scheme approved by the Commission on 13 October 2008, the United Kingdom provides new capital to eligible banks and...