Global Trade Alert
Global Trade Alert

Germany: State guarantees to bank Nord/LB

Announcement

22 Dec 2008

In December 2008, the government of Germany announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Dec 2008

Revocation date:

22 Dec 2009

Updated: 22 Dec 2008
Loan guarantee

On 22 December 2008, the European Commission approved the recue aid for 'Norddeutsche Landesbank' (Nord/LB). This initial measure had a duration of six months. 
On 10 July 2009, Germany n...

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