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The EU interferes with official bank support

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EU nterference

Just the other day Obama encouraged the nations all over the world to stabilize the financial system with government loans if neccesary. Now questions are being raised as to wether it is consistent with the rules of the EU to give this kind of support.

Banks in need

It is consistent with the EU rules to give money to banks in need, when the money are given as part of a general rescue or restructoring package. It is then ok to support banks that has suffered losses, but to the loss-suffering is a must. read more aboute the bank support packages all over EU

Written by admin

januar 10th, 2009 at 7:36 pm

Posted in economics,EU

Tagged with , ,