Brussels concern at Northern Rock package

Article suggests that the European Commission's initial assessement of the restructuring package put forward by the British government to save Northern Rock, the stricken mortgage lender, indicates serious reservations that it distortes competition.

ESO: Background information: State aid: Commission launches in-depth investigation into UK restructuring aid package for Northern Rock http://www.europeansources.info/record/press-release-state-aid-commission-launches-in-depth-investigation-into-uk-restructuring-aid-package-for-northern-rock/

European Commission: Official Journal, C135, 3.6.08, p21: State aid C 14/08 (ex NN 1/08) — Restructuring aid to Northern Rock. Invitation to submit comments pursuant to Article 88(2) of the EC Treaty http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2008:135:0021:0037:EN:PDF

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