Commission approves extension of French scheme for refinancing credit institutions

13 May 2009

The Commission found that the measures were well targeted, proportionate, and limited in time and scope and concluded that they represent an appropriate means of remedying a serious disturbance in the French economy.

The Commission authorised the extension of the refinancing scheme for credit institutions in France. The Commission found that the measures were well targeted, proportionate, and limited in time and scope. It therefore concluded that the scheme was an appropriate means of restoring confidence in France's financial market and stimulating interbank lending.

 

Press release

 

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