EXME09 / 17.08
News from the Communication Directorate General's midday briefing
Nouvelles du rendez-vous de midi de la Direction Générale Communication
17 / 08 / 09
The European Commission has approved, under EC Treaty state aid rules, guarantees amounting up to EUR 7 billion to the German bank IKB, a bank that received aid in the past (see IP/08/1557 and IP 08/2055), in the context of the financial crisis. Additional support has become necessary to protect IKB's liquidity and financial stability in Germany. After obtaining a commitment from Germany to provide a revised restructuring plan within three months, the Commission considers the measure as compatible with Article 87.3.b of the EC Treaty, in line with its Banking communication (see IP/08/1495).
- State aid: Commission approves prolongation and amendment of the Danish support scheme for credit institutions
The European Commission has authorised, under EC Treaty state aid rules, a prolongation of the Danish recapitalisation scheme for credit institutions until 20 December 2009 and a six month prolongation of the guarantee scheme for credit institutions. The authorisation also covers an amendment made to the recapitalisation scheme in order to offer credit institutions issuing hybrid capital notes the option to convert them into ordinary shares. The Commission found the prolongation and amendment of the measures, initially approved on 3 February 2009 (see IP/09/206), to be in line with its Guidance Communication on state aid to overcome the financial crisis (see IP/08/1495). In particular, the extended measures are limited in time and scope. The Commission has therefore concluded that they represent an appropriate means of remedying a serious disturbance in the Danish economy and as such are compatible with Article 87(3)(b) of the EC Treaty.
The first estimate for the euro area trade balance with the rest of the world in June 2009 gave a 4.6 bn euro surplus, compared with 0.0 bn in June 2008. The May 2009 balance was +2.1 bn, compared with -3.8 bn in May 2008. In June 2009 compared with May 2009, seasonally adjusted exports fell by 0.1%, while imports remained stable. The first estimate for the June 2009 extra-EU trade balance was -4.3 bn euro, compared with -19.3 bn in June 2008. In May 2009 the balance was -7.2 bn, compared with -20.7 bn in May 2008. In June 2009 compared with May 2009, seasonally adjusted exports fell by 0.3% and imports by 1.4%. These data are released by Eurostat.
- Enregistrement de trois dénominations de produits agricoles
La Commission européenne a ajouté trois dénominations de produits agricoles et alimentaires à la liste des appellations d'origine protégées (AOP) et indications géographiques protégées (IGP). Il s'agit du salami italien "Ciauscolo" (IGP); du pain espagnol "Pan de Cruz de Ciudad Real" (IGP) et de la pomme de terre portugaise "Batata doce de Aljezur" (IGP). Les trois dénominations s'ajoutent à la liste d'environ 850 produits déjà protégés en vertu de la législation sur la protection des indications géographiques, des appellations d'origine et des spécialités traditionnelles. Des renseignements sur les produits de qualité ainsi que la liste des dénominations protégées sont disponibles sur l'internet à l'adresse: http://ec.europa.eu/agriculture/foodqual/quali1_fr.htm
A disposition au secrétariat de Jonathan Todd (BERL 03/315):
Notification préalable d'une opération de concentration: