EU Concerned Over Scope Of Irish Bank Deposit Guarantees
Oct.06, 2008 in
Market Outlook
BRUSSELS (Dow Jones)–The European Commission Monday said there are concerns that
the scope of the Irish government’s bank deposit guarantees goes beyond what the
commission considers acceptable under its rules on admissible state aid.
In general, the commission considers retail deposit guarantees to be acceptable
as they are unlikely to “give rise to distortions in competition,” the
commission’s spokesman Jonathan [...]



