02/06/2010 (Agence Europe) - On Wednesday 2 June, the European Commission gave the go-ahead for emergency recapitalisation of €875 million for the Irish Educational Building Society (EBS). The Commission temporarily approved the measure, notified on 30 April 2010, for six months as emergency rescue aid. EBS is a mortgage lender providing financial services to small companies and individuals. The aid will enable EBS to meet its legal tier one capital requirements and restore damaged...