Brussels, 15/07/2013 (Agence Europe) - On Thursday 11 July, the European Commission authorised the extension until 31 December 2013 of a Danish bank liquidation scheme and a bank merger scheme.
The two schemes are for market-funded solutions for struggling banks via orderly liquidation or, where possible, merging with another bank in order to stay in business. The Commission says that given the persistent problems on the money markets, it is small and medium-sized banks that are finding it...