Brussels, 24/02/2014 (Agence Europe) - On 24 February, the European Commission found recapitalisation and restructuring aid measures for cooperative banks in Cyprus and their central body, the Cooperative Central Bank Ltd. (together “the cooperative banking sector”) to be in line with EU state aid rules. The cooperative banking sector is heavily burdened by the poor quality of its loan book, due to careless lending in the past. The measures will bail out cooperative banks to the tune of...