Global financial crisis: The European Commission releases a communication on the application of State aid rules to measures taken in relation to banks and financial institutions in crisis (Current global financial crisis)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – EC Comm, 13 October 2008, Communication on The application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis, (2008/C 270/02) By adopting these guidelines, the Commission has honoured, in a very short period of time, the commitment it made on 7 October to the Council of Finance Ministers of the European Union to help Member States to act in a coordinated and effective way to address the urgent problems facing the financial sector. These guidelines seek to set out the most effective way in which Member States can support financial institutions in the current financial crisis