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European Commission widens investigation into restructuring plan for Northern Rock

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • May 7 2009

Today, the European Commission announced it has extended the scope of its April 2 in-depth investigation into the UK's aid package and restructuring plan for Northern Rock Plc

European Commission publishes Spring 2009 Economic Forecast

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • May 5 2009

Yesterday, the European Commission's Directorate-General for Economic and Financial Affairs released its Spring 2009 Economic Forecast

European Investment Bank increases its support for SME projects in Romania by EUR 140 million

  • Alston & Bird LLP
  • -
  • European Union, Romania
  • -
  • September 1 2009

Today, the European Investment Bank (EIB) announced its approval of two intermediate loans to the government of Romania, to support the projects of small and medium-sized enterprises (SMEs

IMF addresses measures taken to help “counter crisis fallout” in Europe

  • Alston & Bird LLP
  • -
  • Central & Eastern Europe, European Union
  • -
  • January 16 2009

Yesterday, the IMF released a survey which addressed its measures taken thus far to “counter crisis fallout in emerging Europe,” and outlined broadly strong policy actions to be adopted by European governments in order to overcome the recession

European Union offers additional 350 million to six eastern European nations

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • May 8 2009

Today, the European Union (EU) announced an additional 350 million in aid to the "Eastern Partnership," a program to offer six former Soviet states (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) incentives to promote stronger economic ties and democratic reforms

European Commission approves additional installment of French aid for merging banks

  • Alston & Bird LLP
  • -
  • European Union, France
  • -
  • May 8 2009

Today, the European Commission approved a 2.45 billion of state aid to Caisse d’Épargne and Banque Populaire

European Central Bank and Bank of England move to ease liquidity

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • May 7 2009

Today, the European Central Bank (ECB), in the interest of encouraging banks to "maintain and expand their lending to clients," "help to improve market liquidity in important segments of the private debt security market, and to ease funding conditions for banks and enterprises," announced the following actions

EU raises support facility lending ceiling from 25 billion to 50 billion

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • May 5 2009

Today, at a meeting of the European Union (EU) Economic and Financial Affairs Council, the Council approved an increase in the lending ceiling for the EU's support facility for non euro-area member states in financial difficulty from 25 billion to 50 billion

European Commission approves Czech temporary aid plans

  • Alston & Bird LLP
  • -
  • Czech Republic, European Union
  • -
  • May 7 2009

The European Commission has approved, under EC Treaty state aid rules, two Czech plans to provide relief for companies during the current economic crisis

European Commission adopts measures to enhance and strengthen supervisory committees and standard-setting bodies for accounting and auditing

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • January 26 2009

Today the European Commission (EC) announced its adoption of several proposals intended to enhance and strengthen the present framework for EU supervisory committees in the following industries: securities, banking and insurance

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