The European Union has approved a euro1.5 billion ($1.9 billion) Belgian bailout scheme to inject fresh money into the insurance and banking group Ethias.
The European Commission says the measures are limited to "the minimum required to enable the Ethias group to continue operations" during the crisis.
EU Competition Commissioner Neelie Kroes said Thursday she hoped the aid would allow Ethias "to weather the financial crisis."
The Belgian government shored up the struggling insurer with a $2 billion capital increase in October.
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