CASE COMMENTS: STATE AIDS – FINANCIAL CRISIS

Financial crisis: The European Commission prolongs the rules applicable to banks in the context of the financial crisis

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Communication from the Commission on the application, from 1 January 2012, of State aid rules to support measures in favour of banks in the context of the financial crisis, OJ C 356, 6 December 2011, p. 7. On 1 December 2011, the Commission adopted a new Communication amending the rules on state aid to banks in the context of the financial crisis. The Commission takes note of the exacerbation of sovereign debt market tensions in 2011 and its impact on the EU financial sector. The Commission considers that the conditions for approving state aid under Article 107(3)(b) of the Treaty (which exceptionally allows aid to remedy a serious disturbance in the

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  • European Commission - Legal Service (Brussels)

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Bruno Stromsky, Financial crisis: The European Commission prolongs the rules applicable to banks in the context of the financial crisis , 16 February 2012, Concurrences N° 1-2012, Art. N° 42212, pp. 158-159

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