Press Release: State aid: Commission approves changes to Danish short-term export-credit insurance scheme

The European Commission authorised, under EC Treaty state aid rules, changes to a Danish short-term export credit insurance scheme initially approved on 5 May 2009. The Commission found the amended scheme to be consistent with the Commission Communication on short-term export-credit insurance and with the Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis. In particular, the measure tackles a clear market failure.