Press Release: State aid: Commission approves liquidation aid for Greek ATE Bank

The European Commission has concluded that liquidation aid granted by Greece in favour of Agricultural Bank of Greece (ATE Bank) was in line with EU state aid rules. In particular, the Commission found that the aid was limited to the minimum necessary to ensure an orderly resolution. In addition, the market exit of ATE Bank limits the distortions of competition brought about by the aid.

• Primary Source

ESO: Background Information: State aid: Commission presents guidelines on restructuring aid to banks http://www.europeansources.info/record/press-release-state-aid-commission-presents-guidelines-on-restructuring-aid-to-banks/

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