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EU - Austria granted to extend bank aid package

Published: June 25, 2010; 00:00 · (Vindobona)

The European Commission extended the authorization for the Austrian bank rescue package of €100b ($123b) for half a year.

EU - Austria granted to extend bank aid package / Picture: © Vindobona.org

In future, banks will have to pay higher fees for state guarantees.

The EU Commission has extended the approval on Friday for another six months for the Austrian bank rescue package of €100b ($123b). Also in Latvia the crisis support for another six months has been granted. A statement in relation to the "Austrian and Latvian aid scheme for banks until the end of 2010 states…

This article includes a total of 244 words.

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