Brussels, 06/05/2015 (Agence Europe) - On Wednesday 6 May, the European Commission decided to extend until 31 October 2015 an Irish scheme to restructure credit unions.
The objective of the scheme is to underpin the stability and long-term viability of credit unions and the credit union at large. Restructuring involves merging weaker and stronger credit unions, providing, if necessary, a capital injection to make up any shortfall in the capital reserve requirements of the merged credit...