State Aid: Latest Scoreboard Shows Reduced Use of Crisis Support to Banks
added: 2010-05-28
The reliance of financial institutions on emergency support through state guarantees is declining. This encouraging early indicator of a gradual return to market conditions in the banking sector is the key finding of the spring state aid scoreboard issued by the European Commission. Altogether, the Commission has approved crisis measures put forward by Member States for an overall maximum volume of €4131.1 billion. Guarantee umbrellas account for over three quarters of this volume, amounting to €3149.8 billion. The effective use of the possibilities for state guaranteed funding and of recapitalisation measures taken together amounted to €1235.2 billion, significantly less than a third of the total.
