ANNOUNCEMENT 30 Jun 2016In June 2016, the governments of Germany, Italy & Spain announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
EIB information sheet 1
EIB information sheet 2
On 30 June 2016, the European Investment Bank announced that it would provide 250 million EUR of loans to Deutsche Bank in its subsidiaries in Germany, Italy, Netherlands, Poland and Spain to promote financing of SMEs and midcaps in those countries.
However, the amounts provided to Germany (100 million), Italy (100 million) and Spain (40 million EUR) were above the 10 million USD threshold (used by the GTA to screen out de minimus state aid) so only these countries were selected as implementing jurisdictions.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects he extent of discrimination against foreign commercial interests. On this metric, the investment support proposed here is discriminatory.