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Showing posts with label European Commission. Show all posts
Showing posts with label European Commission. Show all posts

Wednesday, April 8, 2009

Europees Commissaris voor Concurrentie Neelie Kroes onderzoekt staatssteun Fortis Bank Nederland en ABN Amro

Europees Commissaris voor Concurrentie Neelie Kroes onderzoekt staatssteun Fortis Bank Nederland en ABN Amro

(Bron Trends.be)
Europees Commissaris voor Concurrentie Neelie Kroes is een "diepgaand onderzoek" opgestart naar de staatssteun die Fortis Bank Nederland ontving en de door Fortis overgenomen onderdelen van ABN Amro. Dat heeft Kroes woensdag meegedeeld.
Kroes wil met haar onderzoek uitpluizen of de steunmaatregelen al dan niet in strijd zijn met de EU-regels voor overheidssteun. De Nederlandse staat nam in oktober 2008 (tijdens de het eerste weekend van het eerste reddingsplan van Fortis) Fortis Bank Nederland over en maakte voor tientallen miljarden euro's aan leningen vrij voor de bank. In december nam de staat vervolgens voor 6,5 miljard euro ABN Amro van Fortis Bank Nederland over.
Kroes zegt nu een aanleiding gevonden te hebben om aan te nemen dat de maatregelen misschien niet in overeenstemming zijn "met de regels voor staatssteun aan banken die van toepassing zijn tijdens de huidige financiële crisis." Het gaat daarbij in de eerste plaats over de looptijd van en de vergoeding voor de kredietfaciliteiten en de overnameprijs van de onderdelen ABN Amro. Die zouden niet voldoen aan de criteria van de Europese Commissie.
Lees artikel... http://www.trends.be/nl/economie/bedrijven/4-222-52930/europa-onderzoekt-staatssteun-fortis-bank-nederland-en-abn-amro-.html#

Competition Commissioner Neelie Kroes commented: "The past six months have shown that state aid control plays a key role in tackling the challenges of the economic crisis in a coordinated way across Europe. The EU's tried and tested state aid rules have clearly been part of the solution. Our intervention and – sometimes tough – conditions have prevented Member States from falling into the trap of protectionism and exporting their problems to other Member States, while allowing Member States to avoid financial meltdown. The responsibility now lies with the financial sector to clean up their balance sheets and restructure to ensure a viable future.

Monday, December 8, 2008

European Competition policy and the financial/banking crisis: taking action

Competition policy and the financial/banking crisis: taking action
Competition policy has a central but limited role to play in overcoming the financial crisis.

Our areas of direct involvement are state aid funding and merger control. The College of Commissioners has granted new powers to ensure that rapid decisions are made to protect our future. As an example of the work we are doing we gave formal approval to a rescue aid package for Bradford and Bingley bank in less than 24 hours. This followed urgent informal discussions with the UK authorities on how to structure the package in order to minimize distortions for other banks. Read more on the website...

Wednesday, November 26, 2008

The European Commission launches a major (200 Billion Euro) Recovery Plan for growth and jobs

The Commission launches a major (200 Billion Euro) Recovery Plan for growth and jobs, to boost demand and restore confidence in the European economy. Press Release 25 Nov 2008)

The European Commission has today presented a comprehensive plan to drive Europe's recovery from the current economic crisis. The Recovery Plan is based on two mutually reinforcing main elements. Firstly, short-term measures to boost demand, save jobs and help restore confidence. Secondly, "smart investment" to yield higher growth and sustainable prosperity in the longer-term. The Plan calls for a timely, targeted and temporary fiscal stimulus of around €200 billion or 1.5% of EU GDP, within both national budgets (around €170 billion, 1.2% of GDP) and EU and European Investment Bank budgets (around €30 billion, 0.3% of GDP). Every Member State is called upon to take major measures good for its own citizens and good for the rest of Europe. The Recovery Plan will reinforce and accelerate reforms already underway under the Lisbon Growth and Jobs Strategy. It includes extensive action at national and EU level to help households and industry and concentrate support on the most vulnerable. It puts forward concrete steps to promote entrepreneurship, research and innovation, including in the car and construction industries. The Recovery Plan aims to boost efforts to tackle climate change while creating much-needed jobs at the same time, through for example strategic investment in energy efficient buildings and technologies.