Britain asks EU to back Rock aid

United Kingdom authorities have requested European Commission approval of their decision to give Northern Rock more than £20 billion-worth ($41 billion) of Bank of England money under the Union's state aid rules.

The EU can grant rescue aid status to such loans, which lasts for up to six months, giving the government until March to work out how to deal with Northern Rock's massive public debt. If the Commission fails to offer rescue aid status, the company must repay the outstanding debt, wh

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