Graham Bishop.com

Commission overview of national measures as a response to the financial and economic crisis

16 February 2009

The Commission issued an updated overview of national measures as a response to the financial and economic crisis.

The Commission issued an overview of national measures as a response to the financial and economic crisis.

This information is compiled from a range of sources and is provided for information only. The European Commission cannot confirm the completeness or accuracy of the information.

Press release

Cases of state aid for financial sector - situation as of 16 February 2009

Decisions adopted by the Commission in 2008/2009

	Member State	Type of measure / Beneficiary	Type of Decision	Date of adoption
1	Austria	Aid scheme for the Austrian financial sector (guarantees, recapitalisation & other)	Decision not to raise objections IP/08/1933	09 December 2008
2	Belgium/France/ Luxembourg	Guarantee on liabilities of Dexia	Decision not to raise objections IP/08/1745	19 November 2008
3	Belgium/Luxembourg/ Netherlands	Measures in favour of Fortis	Decision not to raise objections IP/08/1746	19 November 2008
4	Belgium/Luxembourg/ Netherlands	Restructuring aid to Fortis Bank and Fortis Bank Luxembourg	Decision not to raise objections IP/08/1884	03 December 2008
5	Belgium	Recapitalisation measure in favour of KBC	Decision not to raise objections IP/08/2033	18 December 2008
6	Belgium	Capital injection for Ethias group	Decision not to raise objections IP/09/254	12 February 2009
7	Denmark	Rescue aid to Roskilde Bank	Decision not to raise objections (IP/08/1222)	31 July 2008
8	Denmark	Liquidation aid Roskilde bank	Decision not to raise objections IP/08/1633	5 November 2008
9	Denmark	Guarantee scheme for banks in Denmark	Decision not to raise objections IP/08/1483	10 October 2008
10	Denmark	Recapitalisation scheme and amendment of the guarantee scheme	Decision not to raise objectives IP/09/206	3 February 2009
11	Finland	Finnish guarantee scheme	Decision not to raise objections IP/08/1705	14 November 2008
12	Finland	Guarantee for Kaupthing Bank Finland	Decision not to raise objections IP/09/82	21 January 2008
13	France	Financial support measures to the banking industry in France (Refinancing)	Decision not to raise objections IP/08/1609	30 October 2008
14	France	Financial support measures to the banking industry in France (Recapitalisation) Amendment to the Decision	Decision not to raise objections IP/08/1900 IP/09/158	08 December 2008 28 January 2009
15	Germany	Restructuring aid to Sachsen LB	Conditional decision (after formal investigation procedure IP/08/849	4 June 2008
16	Germany	Restructuring aid to IKB	Conditional decision (after formal investigation procedure) IP/08/1557	21 October 2008
17	Germany	Rescue aid to Hypo Real Estate Holding	Decision not to raise objections IP/08/1453	2 October 2008
18	Germany	Aid scheme for financial institutions in Germany (guarantees, recapitalisations & other) Amendment to the Decision	Decision not to raise objections IP/08/1589 IP/08/1966	27 October 2008 12 December 2008
19	Germany	Guarantee and recapitalisation for Bayern LB	Decision not to raise objections IP/08/2034	18 December 2008
20	Germany	Guarantee for NordLB	Decision not to raise objections IP/08/2056	22 December 2008
21	Germany	Guarantee for IKB	Decision not to raise objections IP/08/2055	22 December 2008
22	Germany	Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH	Decision not to raise objections IP/09/114	22 January 2009
23	Greece	Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other)	Decision not to raise objections IP/08/1742	19 November 2008
24	Hungary	Support package for Hungarian financial institutions in form of recapitalisation and guarantee scheme	Decision not to raise objections IP/09/253	12 February 2009
25	Ireland	Guarantee scheme for banks in Ireland	Decision not to raise objections IP/08/1497	13 October 2008
26	Ireland	Recapitalisation of Anglo Irish Bank	Decision not to raise objections IP/09/50	14 January 2009
27	Italy	Guarantee scheme for Italian banks	Decision not to raise objections IP/08/1706	14 November 2008
28	Italy	Recapitalisation scheme	Decision not to raise objections IP/08/2059	23 December 2008
29	Latvia	Public support measures to Parex Banka	Decision not to raise objections IP/08/1766	24 November 2008
30	Latvia	Guarantee scheme for banks	Decision not to raise objections IP/08/2054	22 December 2008
31	Netherlands	Guarantee scheme for Dutch financial institutions	Decision not to raise objections IP/08/1610	30 October 2008
32	Netherlands	Measure in favour of ING	Decision not to raise objections IP/08/1699	13 November 2008
33	Netherlands	Measure in favour of Aegon	Decision not to raise objections IP/08/1822	27 November 2008
34	Netherlands	SNS Reaal/New capital injection by Dutch authorities	Decision not to raise objections IP/08/1951	10 December 2008
35	Portugal	Guarantee scheme for credit institutions in Portugal	Decision not to raise objections IP/08/1601	29 October 2008
36	Slovenia	Guarantee scheme for credit institutions in Slovenia	Decision not to raise objections IP/08/1964	12 December 2008
37	Spain	Fund for the Acquisition of Financial Assets in Spain	Decision not to raise objections IP/08/1630	4 November 2008
38	Spain	Spanish guarantee scheme for credit institutions	Decision not to raise objections IP/08/2049	22 December 2008
39	Sweden	Support measures for the banking industry in Sweden Amendment to the decision	Decision not to raise objections IP/08/1600 IP/09/186	29 October 2008 28 January 2009
40	Sweden	Swedish recapitalisation scheme	Decision not to raise objections IP/09/241	10 February 2009
41	Sweden	Emergency rescue measures regarding Carnegie Investment Bank	Decision not to raise objections IP/08/1977	15 December 2008
42	United Kingdom	Rescue aid to Bradford and Bingley	Decision not to raise objections IP/08/1437	1^st October 2008
42	United Kingdom	Aid scheme to the banking industry in the UK (guarantees, recapitalisation & other) Amendment to the Decision	Decision not to raise objections IP/08/1496 IP/08/2057	13 October 2008 22 December 2008

Remark: As a general rule, each of these schemes is reviewable after six months. This means that the first wave of reviews will start as from April 2009. Also some of the individual decisions are subject to a review and possible restructuring plan.

Cases currently under formal investigation procedure
(in-depth investigation under the EC Treaty’s rules on state aid)

	Country	Type of measure / Beneficiary	Date of decision regarding the opening of formal investigation
1	Germany	Restructuring of West LB	1 October 2008 (IP/08/1435)	Case under assessment
2	United Kingdom	Restructuring aid for Northern Rock	2 April 2008 (IP/08/489)	Case under assessment

Cases under assessment

	Country	Type of measure		Comments
1	Belgium/France/ Luxembourg		Dexia recapitalisation and other measures		Waiting for information from the Member State
2	Finland		Recapitalisation scheme		Discussion with the Member State ongoing
3	Netherlands		Restructuring aid to Fortis Bank Nederland and ABN		Waiting for information from the Member State
4	Poland		Guarantee scheme for banks		Waiting for information from the Member State
5	Portugal		Nationalisation of BPN (Banco Portugués de Negócios)		Discussion with the Member State ongoing. Waiting for submission of restructuring plan.
6	Portugal		Recapitalisation scheme		Notified 5 November 2008. Waiting for additional information from Portugal.
7	Portugal		Banco Privado Portugues		Discussion with the Member State ongoing
8	Slovenia		Liquidity Scheme		Notification received.
9	Slovenia		Recap scheme		Notification received.

Real economy cases falling under the Temporary Framework - situation as of 16 February 2009

Decisions adopted by the Commission in 2008/2009

	Member State	Type of measure / Beneficiary	Type of decision	Date of adoption
1	Germany	N 661/2008 – KfW run special program 2009 (interest subsidies)	Decision not to raise objections (IP/08/2063)	30 December 2008
2	Germany	N 668/2008 – Federal framework scheme (limited amount of compatible aid)	Decision not to raise objections IP/08/2063	30 December 2008
3	Germany	N 39/2009 – Temporary adaptation of risk-capital schemes	Decision not to raise objections IP/09/214	3 February 2009
4	France	N 7/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/72	19 January 2009
5	France	N 15/2009 - Temporary scheme (reduced interest rates)	Decision not to raise objections IP/09/216	4 February 2009
6	France	N 11/2009 - Temporary scheme (reduced interest rates – to producers of green products)	Decision not to raise objections IP/09/205	3 February 2009
7	Portugal	N 13/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/71	19 January 2009
8	United Kingdom	N 43/2009 - Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/215	4 February 2009

Commission overview of national measures as a response to the financial and economic crisis

16 February 2009

© European Commission