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.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact email@example.comRegister
Commission approves Greek reduced interest rate scheme to boost real economy
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email firstname.lastname@example.org.
Related topic hubs
Senior Manager: Central Risk Unit
Customs Risk Management & Intelligence Division
"I use the newsfeeds to follow legislative changes and industry trends relevant to my division. I find the articles to be of a good quality and the topics are well researched and presented in a very user-friendly format."