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The European Commission decides that French bank was not overcompensated for collecting funds to finance social housing (Crédit Mutuel-Livret bleu)

"State aid: main developments between 1 May and 31 August 2011"* On 24 May 2011, following a formal investigation started in 1998, the Commission decided that Crédit Mutuel was not overcompensated for distribution of the Livret bleu savings account in France [1]. In 1975 France created the Livret bleu savings account and entrusted Crédit Mutuel with its distribution. In 1991, Crédit Mutuel gradually had to transfer the funds col‑ lected

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Danilo Samà, Alessandra Forzano, The European Commission decides that French bank was not overcompensated for collecting funds to finance social housing (Crédit Mutuel-Livret bleu), 24 May 2011, e-Competitions Bulletin State aid and Service of General Economic Interest, Art. N° 54625

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