The Commission reported on the temporary State aid framework which was adopted in 2008/2009 to enable Member States to deal with financial problems in systemic banks, as well as support access to finance for real economy firms.
In 2008/2009, the Commission adopted a temporary State aid framework to enable Member States to deal with financial problems in systemic banks, as well as support access to finance for real economy firms. This framework, which was tightened as part of an exit strategy in July and December 2010, is in place until the end of 2012. As a general rule, aid schemes are reviewable six months after approval. Some individual decisions are subject to a review and possible restructuring plan.
Please see the press release below for the situation as of 1 June, 2012.
Press release
© European Commission
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