On 3 April 2012, the European Commission announced that it has decided to open an in-depth investigation to assess whether an extension of the Belgian deposit guarantee scheme, which is aimed at protecting shares in financial cooperatives, is in line with EU State aid rules. The Commission is concerned that the scheme may attract or maintain capital because of the State support, conferring those cooperatives an unfair economic advantage over their competitors. Read more.
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Commission opens in-depth State aid investigation into a Belgian protection scheme for shareholders of financial cooperatives
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