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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.

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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