The EU Commission proposed to the German Government the appropriate measures in order to render the system of State guarantees for public law credit institutions compatible with the State aid rules of the EC Treaty (Anstaltslast und Gewährträgerhaftung)

"Germany – Further developments on State guarantees for German public banks – The German Government accepted the ‘appropriate measures’ proposed by the Commission"* The German Government accepted on 18 July 2001 the formal recommendation adopted by the European Commission on 8 May 2001, proposing so-called ‘appropriate measures’ in order to render the system of State guarantees for public law credit institutions (Anstaltslastand Gewährträgerhaftung) compatible with the State aid rules of the EC Treaty. This acceptance was based on an understanding reached on 17 July 2001 between Commissioner for Competition Mario Monti and German State-Secretary for Finance Caio Koch-Weser, leading a delegation of three LänderFinance Ministers and the President of the German savings

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  • DG ENER (Brussels)
  • DG COMP (Brussels)

Quotation

Stefan Moser, Karl Soukup, The EU Commission proposed to the German Government the appropriate measures in order to render the system of State guarantees for public law credit institutions compatible with the State aid rules of the EC Treaty (Anstaltslast und Gewährträgerhaftung), 8 May 2001, e-Competitions May 2001, Art. N° 38985

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