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Global Trade Alert

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Italy: Introduction of rescue aid to support Banca Carige

Description

On 18 January 2019, the European Commission approved a EUR 3 (USD 3.4) billion bailout from Italy. The aid will support Banca Carige, an Italian bank that has generated around EUR 1.6 billion in losse...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Jan 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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