The NordLB case skews bank rescue rules in Europe

Europe
On the 12.09.19 at 7:41AM

by

Alexandre Garabedian

Brussels has deemed that using public money to keep the German bank afloat does not constitute state aid. Its decision has been called politically motivated and pro-Berlin.
Margrethe Vestager
Margrethe Vestager
(Crédit European Union.)

Injecting €2.8bn in public money into a bank without that being considered state aid is indeed  possible.

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