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Eurogroup statement on Spain - bailout

 

The Eurogroup supports the efforts of the Spanish authorities to resolutely address the restructuring of its financial sector and it welcomes their intention to seek financial assistance from euro area Member States to this effect.

National Rescue Measures in Response to the Current Financial Crisis

This legal working paper (from the ECB) provides a comprehensive overview of the financial crisis measures introduced by the 27 EU Member States from 1 October 2008 through 1 June 2009. A general overview of the individual Member State's rescue schemes as well as details on state guarantee schemes, recapitalisation measures, state loans, the acquisition of impaired assets and nationalisation (where applicable) is set out for each Member State. In addition, individual measures with regard to individual banks are included in the country chapters. Appendix I provides an overview of the deposit-guarantee schemes of the Member States in the form of a chart. Relevant European Central Bank opinions and non-consultation letters can be found in Appendix II and Appendix III contains a table summarising the Member States measures.

DG Competition and State aid: Overview of national measures adopted as a response to the financial and economic crisis

Source: http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/174&format=PDF&aged=0&language=EN&guiLanguage=en

This information is compiled from a range of sources and is provided for information only. The European Commission cannot confirm the completeness or accuracy of the information.

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