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European Commission Adopts Guidance on State Aids to the Financial Sector

19 January 2009

E.C.L.R., Issue 2, 2009
Following a flurry of rescue measures put in place by many European Union Member States in recent weeks to support the banking sector, the European Commission (the Commission) issued, on October 13, a Communication to clarify the types of measures which it considers will be compatible with state aid rules - although any state aid provided to the banks will still require Commission approval. The Communication focuses on guarantee schemes, recapitalisation schemes, and complementary forms of liquidity support.
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