The European Commission on
Thursday approved measures introduced by Italy to improve the
liquidity of rescued banks Banca Popolare di Vicenza and Veneto
Banca.
"The European Commission has found Italian plans to support
the access to liquidity of Banca Popolare di Vicenza and Veneto
Banca with a State guarantee to be in line with EU State aid
rules," the Commission said in a statement.
The measures are contained in a decree approved by the
Italian government in December to help struggling lenders by
allowing them to access a state guarantee on their debt.
They are "targeted, proportionate and limited in time and
scope," the Commission added.
ALL RIGHTS RESERVED © Copyright ANSA
