Global Trade Alert
Global Trade Alert

Italy: Introduction of rescue aid to support Banca Carige

Announcement

18 Jan 2019

In January 2019, the European Commission approved a bailout from Italy to support Banca Carige, the tenth-largest Italian bank.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Jan 2019

Revocation date:

No revocation date

Announced: 18 Jan 2019
Loan guarantee In force
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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