EU approves Germany’s revised bank aid plan

The European Commission has approved modifications to Germany’s plan for aiding its banking sector, December 2008, saying that these were compatible with new and more flexible state aid rules.

European Commission: Press Release: IP/08/1966: State aid: Commission approves modifications to German financial rescue scheme http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1966&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: Germany hits at Brussels over bank aid http://www.europeansources.info/record/germany-hits-at-brussels-over-bank-aid/

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