Press Release: State aid: Commission approves Swedish scheme to recapitalise banks

The European Commission approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks. The scheme is in line with the Commission’s guidance on support measures for banks during the financial crisis. In particular, the measures were limited in time and required a significant proportion of private investment alongside with the state intervention. The Commission therefore concluded that the scheme was an adequate means to remedy a serious disturbance of the Swedish economy and as such in line with Article 87.3.b of the EC Treaty.

• Primary Source