Capitalissues

Capitalissues

State aid: EC approves resolution aid for Portuguese Banco Espírito Santo

@cetier1
Aug 04, 2014
∙ Paid

For the record, from the EC press release: "The European Commission has found the resolution plan of the Portuguese Banco Espírito Santo S.A. (BES),including the creation of a Bridge Bank, to be in line with EU State aid rules. The measures notified by Portuguese authorities will allow the orderly resolution of the remaining bad bank and provide the bri…

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