EU To Reveal Bank Guidance, Pharma Findings: Report

Law360, New York (June 23, 2009, 12:00 AM EDT) -- The European Commission will soon release guidelines for banks that have been receiving state aid to become viable, as well as the findings of its ongoing probe into competition in the pharmaceutical industry, Competition Commissioner Neelie Kroes reportedly said Tuesday.

Kroes told reporters at a forum hosted by the France-based Organisation for Economic Cooperation and Development that the guidelines for banks would be released soon, though she declined to name a date, Reuters reported.

In a speech given to the OECD, Kroes said that stabilizing the...
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