Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/12/854 (27.7.12) |
Publication Date | 27/07/2012 |
Content Type | News |
The European Commission has temporarily approved, under EU state aid rules, €1.7 billion of public support granted in the context of the resolution of Proton Bank. The Commission has temporarily approved the measure until it reaches a final decision on the restructuring plan of Nea Proton Bank, the new legal entity created by the operation. At the same time, the Commission has opened an in-depth investigation to assess whether the measure is in line with EU state aid rules. The opening of an in-depth investigation gives interested third parties the possibility to submit comments on the measures. It does not prejudge the outcome of the investigation. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/854&format=HTML&aged=0&language=EN&guiLanguage=en |
Subject Categories | Internal Markets |
Countries / Regions | Europe, Greece |
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