EC approves Govt request to extend bank guarantee scheme

EC approves Govt request to extend bank guarantee scheme

The European Commission has approved a request to extend the bank guarantee scheme for corporate deposits until the end of the year.

The Government had asked for the extension earlier this month and the EC has said the scheme is an adequate means to remedy a "serious disturbance" in the Irish economy.

The Finance Minister Brian Lenihan said it will continue to guarantee a range of short and long-term liabilities and deposits until December 31.

He stressed that it was essential to protect and support the creation of jobs.

More in this Section

Goodbody to be sold to Bank of China in €150m dealGoodbody to be sold to Bank of China in €150m deal

As price growth slows, new fears haunt housing marketAs price growth slows, new fears haunt housing market

KBC Bank ‘committed’ to Ireland as top boss expresses impatience over tracker probeKBC Bank ‘committed’ to Ireland as top boss expresses impatience over tracker probe

Nimbus ‘Beyond IoT’ conference to expand to China and the USNimbus ‘Beyond IoT’ conference to expand to China and the US


Lifestyle

I’d always promised myself a day off school when Gay Bryne died.Secret diary of an Irish teacher: I’ve been thinking about my students, wondering who their ‘Gay Byrne’ will be

In an industry where women battle ageism and sexism, Meryl Streep has managed to decide her own destiny – and roles, writes Suzanne HarringtonJeepers Streepers: Hollywood royalty, all hail queen Meryl

'Ask Audrey' has been the newspaper's hysterical agony aunt “for ages, like”.Ask Audrey: Guten tag. Vot the f**k is the story with your cycle lanes?

Daphne Wright’s major new exhibition at the Crawford addresses such subjects as ageing and consumerism, writes Colette SheridanFinding inspiration in domestic situations

More From The Irish Examiner