| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/148 (21.02.13) |
| Publication Date | 21/02/2013 |
| Content Type | News |
|
The European Commission has granted temporary approval to France, under the EU state aid rules, to provide Crédit Immobilier de France (CIF) with an €18bn state guarantee. This guarantee is necessary to cover CIF's urgent liquidity needs and to give it time to draw up a restructuring or orderly resolution plan, which France undertook to submit to the Commission within six months from the date of the temporary approval decision. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-13-148_en.htm |
| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe, France |
