EU inquiry into state’s €14bn funding of nationalised bank
The in-depth inquiry will consider various issues, including if the bailout is the cheapest way of solving the problems of the state-owned bank, remuneration for the new management, and whether it will create unfair competition for other banks.
The commission has also asked for a revised restructuring plan for the bank by the end of May and said that the changes will have to be “profound” and ensure it can become viable.
