The European Commission adopts a formal recommendation on State guarantees for German public banks (Anstaltslast und Gewährträgerhaftung)

"Germany — Recent developments on State guarantees for German public banks"* After intensification in the recent months of the contacts with the German Government, the European Commission adopted on 8 May 2001 a formal recommendation, proposing to the German Government so-called ‘appropriate measures’ in order to render the system of State guarantees for public law credit institutions (‘Anstaltslast‘ and ‘Gewährträgerhaftung‘) compatible with the State aid rules of the EC Treaty. Anstaltslast could be translated as «maintenance obligation«. It means that the public owners (e.g.Federal State, Länder, municipalities) of the institution are responsible for securing the economic basis of the

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Stefan Moser, Karl Soukup, The European Commission adopts a formal recommendation on State guarantees for German public banks (Anstaltslast und Gewährträgerhaftung), 8 May 2001, e-Competitions Bulletin May 2001, Art. N° 39034

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