Press Release: State aid: Commission authorises recapitalisation scheme implementing the Hellenic Financial Stability Fund for credit institutions

The European Commission has authorised under EU State aid rules a scheme for the recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF). The Fund's capital is €10 billion and is part of the euro-area/IMF financial assistance to the country. The Commission found the recapitalisation scheme to be compatible with EU rules that allow aid to remedy a serious disturbance in the economy of a Member State.