Global Trade Alert
Global Trade Alert

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

Announcement

18 Jan 2017

On 18 January 2017, the European Commission approved a state guarantee for a loan to support Veneto Banca, an Italian bank having formally requested liquidity aid

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Jan 2017

Revocation date:

No revocation date

Updated: 18 Jan 2017
Loan guarantee In force

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 justifi...

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