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EU: Vestager appeals ruling over Italy’s bank rescue

By  |  May 29, 2019

The European Commission appealed against an EU court ruling that ratified the rescue of a small Italian lender, in a move that pits the bloc’s antitrust chief Margrethe Vestager against Italy’s euroskeptic government.

The decision is a blow to Italian banks that were considering filing compensation claims against the Commission after the EU court verdict issued in March, which overturned an initial decision by Brussels to block the rescue of Tercas.

Vestager, a candidate for the presidency of the next commission, waited until after last week’s European Parliament elections before announcing her decision to appeal the ruling, in what was seen as a move to avoid interfering with the vote.

Full Content: Reuters

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