EU discontent about state assistance to Czech banks

18-10-2002

The European Union Commissioner for economic competition, Mario Monti, has said the Commission is dissatisfied with the Czech Republic's documentation on state assistance to banks prior to their privatisation. After a meeting with Prime Minister Vladimir Spidla, Mr Monti stressed that the Czech Republic should secure full confidence and legal security to banks and investors, adding that more efforts would be required for achieving higher transparency of state assistance to banks.