21/12/2011 (Agence Europe) - Irish credit union resolution scheme gets go-ahead. On Tuesday 20 December, the European Commission found a resolution scheme for distressed credit unions in Ireland to be in line with EU rules that allow aid to remedy a serious disturbance in the economy of a member state. In particular, the measure is limited in time and scope, ensures adequate burden-sharing and contains safeguards to avoid undue distortions of competition. (OL/transl.fl)