European Commission 1st Ireland and Spain Bank national assistance plans to be extended for six months, to tide banks continue to help these two countries.
according to the decision of the European Commission, Ireland and Spain before December 31 this year, the Government will continue to be provided to national banking guarantees.
the EU Commission said in a statement, extension of Bank assistance plan to help Ireland and Spain to overcome severe economic turmoil is appropriate, also in line with EU provisions in the financial crisis for Banking provides assistance.
after the financial crisis, Governments of EU Member States have introduced massive relief programme. For the convenience of Member States to deal with the crisis, the EU also temporary relaxed the restrictions on Government subsidies.
Ireland initially was given in November 2009 as national bank guarantees support, subsequently extended several times, Spain from December 2008 began similar assistance scheme.
today, Ireland is still struggling in the sovereign debt crisis, Spain is also the Government debt, banking crises because of the real estate bubble burst. (According to the Xinhua News Agency)-
