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BERLIN Dec 4 German Chancellor Angela Merkel on
Thursday called on the European Commission to quickly approve
Germany's planned aid for lender Commerzbank (CBKG.DE) as part
of its bank rescue package.
Germany is in a dispute with the Commission over whether the
aid for Commerzbank complies with the terms of the 500 billion
euro ($633.4 billion) rescue fund that the EU has approved.
"Europe must, I say this clearly in relation to the German
bank rescue package, act speedily," Merkel said.
Commerzbank last month became Germany's first commercial
lender to turn to the government for capital, seeking the aid to
help it cope with the fallout from the global financial crisis.
The European Commission argues that Germany has failed to
deliver the necessary information to show aid for Commerzbank
was in line with EU rules.
(Reporting by Madeline Chambers; editing by Simon Jessop)