CASE COMMENT : STATE AID - RESCUE AID – BANKING SECTOR – GUARANTEES - COMMITMENTS

Rescue aid: The European Commission temporarily approves rescue aid in the form of guarantees on the basis of commitments from the Member State (Crédit Immobilier de France)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Commission has authorised aid in the form of a guarantee of up to €18 billion for Crédit Immobilier de France (CIF) so as to enable the State to present within six months a plan for the orderly resolution of the group. This measure was made necessary by the immediate threat of a default on the CIF, which in turn risked destabilising the covered bond market or even the entire covered

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  • European Commission - Legal Service (Brussels)

Quotation

Bruno Stromsky, Rescue aid: The European Commission temporarily approves rescue aid in the form of guarantees on the basis of commitments from the Member State (Crédit Immobilier de France), 21 February 2013, Concurrences N° 4-2013, Art. N° 59356, p. 136

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