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Austria loses court fight against BayernLB-subsidy ruling

( January 28, 2016, 09:04 GMT | Official Statement) -- MLex Summary: Austria has lost an EU court battle to prove that a financing guarantee it granted to German bank BayernLB in restructuring funds wasn’t state aid. The lower-tier General Court upheld a European Commission decision saying the 2.638 billion-euro guarantee was legal state aid.Press release follows. The ruling is available here....

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