state aid

EU governments want state aid leeway on EU investment plan

European Union rules banning state aid to businesses should not apply to guarantees issued to boost investment under the three-year EU investment scheme, some of the key contributors to the plan said on Monday.

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Egypt confirms USD 2 billion deposit to be made by Kuwait

The aid by Kuwait to Egypt would consist of USD2 billion in a central bank deposit, USD1 billion grant and USD1 billion in oil products.

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Source: EU Competition Commissioner to discuss Monte Paschi bailout with Italian minister

EU Competition Commissioner Jaoquin Almunia said that it would discuss a state bailout for Italian bank Monte dei Paschi di Siena with the country's Economy Minister on Saturday.

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