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

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