Back to state act
Back to state act
Description
On 23 December 2015, the European Commission announced that state aid granted to the Italian bank Tercas was incompatible with the single market and had to recovered. The state aid was granted to the...
Intervention Details
Intervention Type
Loan guarantee
MAST Chapter
L: Subsidies (excl. export subsidies)
Implementation date
07 Jul 2014
Revocation date
06 Dec 2015
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
all
Affected Sectors
Affected Products