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Italy: Introduction of a loan guarantee to support Veneto Banca to avoid a liquidity crisis

Description

On 18 January 2017, the European Commission approved a EUR 3.5 billion (USD 3.7 billion) loan guarantee which covers 2 bonds having a maturity of up to three years. Italy justified the necessity of t...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Jan 2017

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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