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Wed 10 Oct 2008Competition Commissioner to examine Irish guarantee
The European Commission (EC) today confirmed that Competition Commissioner Neelie Kroes is in contact with the Government and will examine under state aid laws the move to guarantee all deposits in Irish banks.
“It [the Commission] will look at any state aid involved as a a matter of urgency. It expects notification from the national authorities and will take decision under the state aid rules soon afterwards.”
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