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Latest Developments in the Rules on State Aid for the Rescue and Restructuring of Financial Institutions in Difficulty

Nicola Pesaresi, Geoffrey Mamdani

DOI https://doi.org/10.21552/ESTAL/2012/4/312



Since October 2008, the European Commission (the “Commission”) has assessed State aid for the rescue and restructuring of financial institutions under a distinct set of crisis rules. On 1 December 2011, the Commission adopted a new Communication extending the crisis rules beyond the end of 2011. This article explains the background to the prolongation of the crisis rules, and examines how the new Communication updated and clarified the existing provisions of the crisi

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