Memo: State aid: Commissioner Kroes briefs June 9 Council of Economics and Finance Ministers on restructuring of banks and their r eturn to viability

European Commissioner for Competition Neelie Kroes briefed the EU's Council of Economics and Finance Ministers in Luxembourg on 9 June, 2009, on the restructuring of banks and their return to viability without state support. Commissioner Kroes underlined that financial stability and the preservation of competitive markets are complementary objectives and that those who pretend that we should forget about competition for the sake of financial stability are missing the point.

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