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Overview of measures to the financial and economic crisis

24 April 2009

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

The Commission issued an overview of the national measures adopted 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 22 April 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/France/ Luxembourg	Guarantee in favour of Dexia on certain assets in FSA	Decision not to raise objections IP/09/399	13 March 2009
4	Belgium/Luxembourg/Netherlands	Measures in favour of Fortis	Decision not to raise objections IP/08/1746	19 November 2008
5	Belgium/Luxembourg/Netherlands	Restructuring aid to Fortis Bank and Fortis Bank Luxembourg	Decision not to raise objections IP/08/1884	03 December 2008
6	Belgium	Recapitalisation measure in favour of KBC	Decision not to raise objections IP/08/2033	18 December 2008
7	Belgium	Capital injection for Ethias group	Decision not to raise objections IP/09/254	12 February 2009
8	Denmark	Rescue aid to Roskilde Bank	Decision not to raise objections (IP/08/1222)	31 July 2008
9	Denmark	Liquidation aid Roskilde bank	Decision not to raise objections IP/08/1633	5 November 2008
10	Denmark	Guarantee scheme for banks in Denmark	Decision not to raise objections IP/08/1483	10 October 2008
11	Denmark	Recapitalisation scheme and amendment of the guarantee scheme	Decision not to raise objectives IP/09/206	3 February 2009
12	Finland	Finnish guarantee scheme	Decision not to raise objections IP/08/1705	14 November 2008
13	Finland	Guarantee for Kaupthing Bank Finland	Decision not to raise objections IP/09/82	21 January 2008
14	France	Financial support measures to the banking industry in France (Refinancing)	Decision not to raise objections IP/08/1609	30 October 2008

15	France	Financial support measures to the banking industry in France (Recapitalisation) Amendment to the Decision Amendment to the Decision	Decision not to raise objections IP/08/1900 IP/09/158 IP/09/461	08 December 2008 28 January 2009 23 March 2009
16	Germany	Restructuring aid to Sachsen LB	Conditional decision (after formal investigation procedure IP/08/849	4 June 2008
17	Germany	Restructuring aid to IKB	Conditional decision (after formal investigation procedure) IP/08/1557	21 October 2008
18	Germany	Rescue aid to Hypo Real Estate Holding	Decision not to raise objections IP/08/1453	2 October 2008
19	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
20	Germany	Guarantee and recapitalisation for Bayern LB	Decision not to raise objections IP/08/2034	18 December 2008
21	Germany	Guarantee for NordLB	Decision not to raise objections IP/08/2056	22 December 2008
22	Germany	Guarantee for IKB	Decision not to raise objections IP/08/2055	22 December 2008
23	Germany	Guarantee for SdB – Sicherungseinrichtungsgesellschaft deutscher Banken mbH	Decision not to raise objections IP/09/114	22 January 2009
24	Greece	Aid scheme to the banking industry in Greece (guarantees, recapitalisation & other)	Decision not to raise objections IP/08/1742	19 November 2008
25	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
26	Ireland	Guarantee scheme for banks in Ireland	Decision not to raise objections IP/08/1497	13 October 2008

27	Ireland	Recapitalisation of Anglo Irish Bank	Decision not to raise objections IP/09/50	14 January 2009
28	Ireland	Recapitalisation of Bank of Ireland	Decision not to raise objections IP/09/483	26 March 2009
29	Italy	Guarantee scheme for Italian banks	Decision not to raise objections IP/08/1706	14 November 2008
30	Italy	Recapitalisation scheme Amendment to the Decision	Decision not to raise objections IP/08/2059 IP/09/302	23 December 2008 20 February 2009
31	Latvia	Public support measures to Parex Banka	Decision not to raise objections IP/08/1766	24 November 2008
32	Latvia	Guarantee scheme for banks	Decision not to raise objections IP/08/2054	22 December 2008
33	Netherlands	Guarantee scheme for Dutch financial institutions	Decision not to raise objections IP/08/1610	30 October 2008
34	Netherlands	Measure in favour of ING	Decision not to raise objections IP/08/1699	13 November 2008
35	Netherlands	Measure in favour of Aegon	Decision not to raise objections IP/08/1822	27 November 2008
36	Netherlands	SNS Reaal/New capital injection by Dutch authorities	Decision not to raise objections IP/08/1951	10 December 2008
37	Netherlands	ING Illiquid asset facility	Decision not to raise objections IP/09/514	31 March 2009
38	Portugal	Guarantee scheme for credit institutions in Portugal	Decision not to raise objections IP/08/1601	29 October 2008
39	Portugal	State guarantee for Banco Privado Português	Decision not to raise objections IP/09/400	13 March 2009
40	Slovenia	Guarantee scheme for credit institutions in Slovenia	Decision not to raise objections IP/08/1964	12 December 2008
41	Spain	Fund for the Acquisition of Financial Assets in Spain	Decision not to raise objections IP/08/1630	4 November 2008
42	Spain	Spanish guarantee scheme for credit institutions	Decision not to raise objections IP/08/2049	22 December 2008
43	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
44	Sweden	Emergency rescue measures regarding Carnegie Investment Bank	Decision not to raise objections IP/08/1977	15 December 2008
45	Sweden	Swedish recapitalisation scheme	Decision not to raise objections IP/09/241	11 February 2009
46	United Kingdom	Rescue aid to Bradford and Bingley	Decision not to raise objections IP/08/1437	1^st October 2008
47	United Kingdom	Aid scheme to the banking industry in the UK (guarantees, recapitalisation & other) Amendment to the Decision Prolongation	Decision not to raise objections IP/08/1496 IP/08/2057 Decision not to raise objections IP/09/586	13 October 2008 22 December 2008 15 April 2009
48	United Kingdom	Homeowners mortgage support scheme	Decision not to raise objections IP/09/602	20 April 2009
49	United Kingdom	Asset - Backed Securities Guarantee Scheme	Decision not to raise objections IP/09/613	21 April 2009

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
3	Belgium/France/ Luxembourg	Restructuring of Dexia	13 March 2009 IP/09/399	Case under assessment
4	Netherlands	ING Illiquid asset facility	31 March 2009 IP/09/514	Case under assessment
5	Netherlands	State measures in favour of Fortis Bank Nederland (FBN) and the activities of ABN Amro	8 April 2009 IP/09/565	Case under assessment

Real economy cases falling under the Temporary Framework - situation as of 22 April 2009

Decisions adopted by the Commission in 2008/2009

	Member State	Type of measure / Beneficiary	Type of decision	Date of adoption
1	Austria	N 47/a/2009- Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/454	20 March 2009
2	Austria	N 47/d/2009- Temporary scheme (risk capital)	Decision not to raise objections IP/09/484	25 March 2009
3	Belgium	N 117/2009- Temporary scheme (subsidised guarantees)	Decision not to raise objections IP/09/447	20 March 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	France	N 23/2009 - Temporary scheme (subsidised guarantees)	Decision not to raise objections IP/09/332	27 February 2009
8	France	N 119/2009 - modification of French risk capital scheme	Decision not to raise objections IP/09/406	16 March 2009
9	Germany	N 661/2008 – KfW run special program 2009 (interest subsidies)	Decision not to raise objections (IP/08/2063)	30 December 2008
10	Germany	N 668/2008 – Temporary scheme (limited amount of compatible aid)	Decision not to raise objections IP/08/2063	30 December 2008
11	Germany	N 39/2009 – Temporary adaptation of risk-capital schemes	Decision not to raise objections IP/09/214	3 February 2009
12	Germany	N 27/2009 - Temporary scheme (guarantees)	Decision not to raise objections IP/09/331	27 February 2009
13	Germany	N 38/2009 - Temporary scheme (reduced interest rates)	Decision not to raise objections IP/09/296	19 February 2009
14	Hungary	N 114/2009- Temporary scheme (guarantees)	Decision not to raise objections IP/09/387	10 March 2009
15	Hungary	N 77/2009 - Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/325	24 February 2009
16	Hungary	N 78/2009 – Temporary scheme (subsidised interest rates)	Decision not to raise objections IP/09/325	24 February 2009

17	Ireland	N 186/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/585	15 April 2009
18	Latvia	N 124/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/442	19 March 2009
19	Luxembourg	N 99/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/334	26 February 2009
20	Luxembourg	N 128/2009 – Temporary scheme (guarantees)	Decision not to raise objections IP/09/392	11 March 2009
21	Luxembourg	N 50/2009 – Temporary scheme (export-credit insurance)	Decision not to raise objections IP/09/603	20 April 2009
22	Netherlands	N 156/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/527	1 April 2009
23	Portugal	N 13/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/71	19 January 2009
24	Spain	N 140/2009 – Temporary scheme (aid for green cars)	Decision not to raise objections IP/09/499	29 March 2009
25	United Kingdom	N 43/2009 – Temporary scheme (aid up to € 500 000)	Decision not to raise objections IP/09/215	4 February 2009
26	United Kingdom	N 71/2009 – Temporary scheme (guarantees)	Decision not to raise objections IP/09/333	27 February 2009
27	United Kingdom	N 72/2009 – Temporary scheme (to businesses producing green products)	Decision not to raise objections IP/09/333	27 February 2009

Overview of measures to the financial and economic crisis

24 April 2009

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