Commission approves prolongation of Greek bank guarantee scheme

The European Commission said on Tuesday that it has authorised the prolongation of the Greek guarantee scheme for credit institutions until 30 November 2019 under EU State aid rules.

The liquidity situation of the Greek banks is gradually improving, but challenges still remain, it said. In this context, the Commission has found that the prolongation of the guarantee scheme is in line with EU State aid rules, i.e. the 2013 Banking Communication, in particular because the prolonged measure is targeted, proportionate and limited in time and scope.

The Commission is authorising guarantee schemes on banks' liabilities for successive periods of six months in order to be able to monitor developments and adjust conditions accordingly. The scheme is available for banks with no capital shortfall.

The Greek guarantee scheme was initially approved in November 2008. The authorisation of the scheme was prolonged several times, the last time in December 2018.

Διαβάστε ακόμη

Τα μυστικά του ελληνικού σεισμικού τόξου και τα άγνωστα ρήγματα: Ο καθηγητής Γιώργος Καβύρης αποκαλύπτει

Πάνω από 470 παιδιά ανάπηρα κάθε μήνα στη Γάζα: Οι «θαμμένες» βόμβες που θα στοιχειώνουν για χρόνια

Κεφαλονιά: Νέα καταγγελία εις βάρος του 66χρονου λογιστή που μιλούσε με τη Μυρτώ

Μια δουλειά είχες: Στις ΗΠΑ ετοιμάζονταν να υποδεχθούν τον βασιλιά Κάρολο με σημαίες Αυστραλίας