Record State Aid Approved

The European Commission has approved a record state aid measure for the restructuring plan of Royal Bank of Scotland (RBS). The total aid received by the RBS amounts to €67- €111 billion.

The Commission says that the measures ensure a sustainable future for RBS without continued state support, foresee an appropriate participation of the bank in the costs of restructuring, and include safeguards to limit distortions of competition, notably by reducing the size of the bank.

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