The European Commission has authorised under EC Treaty State aid rules a Greek scheme aimed at firms that encounter financial difficulties as a result of the credit squeeze in the current economic crisis. The measure, which is part of a wider set of measures that Greece is putting together under the Temporary Framework (see above), allows national authorities to grant aid in the form of reduced interest rates on loans concluded by 31 December 2010. The scheme meets the conditions of the Commission’s Temporary Framework for State aid measures, which gives Member States additional scope to facilitate access to financing in the present economic and financial crisis. In particular, it is limited in time and only applies to companies that were not in difficulties before 1 July 2008.