A Polish government scheme to boost liquidity to banks and stimulate interbank lending won approval from European Union antitrust regulators on Friday.
Under the scheme, Polish authorities will provide guarantees and loans for new senior debt with maturities ranging from three months to five years issued by lenders.
“The package constitutes an adequate means to remedy a serious disturbance in the Polish economy while avoiding undue distortions of competition,” the European Commission said in a statement.
