Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/10/658 (2.6.10) |
Publication Date | 02/06/2010 |
Content Type | News |
The European Commission on 2 June 2010 authorised under EU state aid rules an emergency recapitalisation worth €875 million in favour of the Irish Educational Building Society (EBS) for reasons of financial stability. The Commission approved the measure temporarily as urgent rescue aid until it adopts a final decision on the restructuring plan submitted by the Irish authorities. It will assess in particular whether EBS becomes viable without continued state support. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/658&format=HTML&aged=0&language=EN&guiLanguage=en |
Subject Categories | Internal Markets |
Countries / Regions | Europe, Ireland |
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