Thursday March 5, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU clears state aid for Greece's T Bank

European Union competition authorities announced provisional approval on Wednesday for around 680 million euros of Greek state aid to support the sale of troubled T Bank.

The European Commission gave its blessing for state support granted by the Hellenic Deposit and Investment Guarantee Fund ("HDIGF") to facilitate the acquisition of the economic activities of the Greek T Bank by Hellenic Postbank in the context of T Bank's resolution, a statement said.

EU competition commissioner Joaquin Almunia said the aid being allowed was restricted to the minimum necessary to compensate the buyer for the lower value of the assets transferred as compared to the transferred liabilities."

Almunia said Greece had six months in which to submit an updated restructuring plan for Hellenic Postbank which takes into account the integration of T Bank's activities."

That action would likely trigger an automatic extension of approval pending a final decision, he added.

[AFP]

ekathimerini.com , Wednesday May 16, 2012 (17:18)  
Draghi ties ECBs Greek funding to bailout compliance [Update]
Cyprus wins ECB chief praise on road to renewed growth
ECB says willing to restore financing for Greek banks once deal is reached
Court blocks sale of luxury Astir seaside resort
Venizelos wont be called to give evidence in Papaconstantinou trial
Former Finance Minister Evangelos Venizelos will not give evidence at the trial of his predecessor Giorgos Papaconstantinou, it was decided on Thursday. Papaconstantinou is being tried in a ...
Fugitive spotted and caught near Corinth
One of three men who escaped from a police holding cell in Corinth, west of Athens, on February 27 was recaptured on Thursday. Police said that a member of the DIAS motorcycle-riding squad s...
Inside News
SOCCER
Greece need to attack more, new coach Markarian says
Greece coach Sergio Markarian said Thursday he wanted Greece to play more attacking football against Hungary in a Euro 2016 qualifier on March 29 as his side strive to move off the bottom po...
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
Inside Sports
COMMENTARY
Greek-Turkish relations
There are other issues beyond those focusing on the economy that the government, formerly of the Indignants and currently adapting willingly or unwillingly to eurozone realities, is fa...
EDITORIAL
Government policy
The issue of irregular immigration is taking on serious dimensions on an international level, while in Greece it is bordering on crisis levels. The governments duty is to handle the issue w...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Venizelos wont be called to give evidence in Papaconstantinou trial
2. Fugitive spotted and caught near Corinth
3. Suspected Xeros helpers detained after refusing to answer questions
4. Missing persons committee apologizes for remains mix-up
5. Draghi ties ECBs Greek funding to bailout compliance [Update]
6. Greece need to attack more, new coach Markarian says
more news
Today
This Week
1. Greek-Turkish relations
2. Greece struggles to make debt math work amid bailout standoff
3. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
4. Greece has backup plan if March bailout cash fails to arrive, says Varoufakis
5. Draghi details sought as ECB's QE plan poised to be fleshed out
6. Government policy
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Varoufakis to make six reform proposals at Monday's Eurogroup
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.