Germany hits at Brussels over bank aid

Article reports that Germany lashed out at the European Commission on the 2 December 2008 for delaying approval of a €8.2bn government capital injection into Commerzbank, Germany’s second biggest commercial bank. Other Member States also criticised the European Commission's approach on applying strict state aid rules when evaluating national bank plans.

France24, 2.12.08: Under fire, Brussels softens line on bank bailouts http://www.france24.com/en/20081202-under-fire-brussels-offers-softer-line-bank-bailouts-eu-financial-crisis

BBC News, 2.12.08: EU wants banks to boost lending http://news.bbc.co.uk/1/hi/business/7760782.stm

ESO: Background information: Memo: State aid: Overview of national rescue measures and deposit guarantee schemes http://www.europeansources.info/record/memo-state-aid-overview-of-national-rescue-measures-and-deposit-guarantee-schemes-3/

ESO: Background information: Brussels probes German bank's bail-out http://www.europeansources.info/record/brussels-probes-german-banks-bail-out/

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