EU Probes Dutch Aid To Fortis Amid Economic Crisis

Law360, New York (April 8, 2009, 12:00 AM EDT) -- The European Commission has launched an investigation into whether the Netherlands violated European rules for using state aid in its efforts to prop up Fortis Bank Nederland during the financial crisis by providing massive loans with too-low interest and overpaying for ABN Amro's Dutch banking operations.

The regulator warned on Wednesday that the Dutch state may have run afoul of guidelines from October by providing loans worth tens of billions of euros to the former Fortis NV unit that may not have high enough interest rates...
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