Brussels, 21/12/2015 (Agence Europe) - On Friday 18 December, the European Commission concluded that the support to the resolution of the Cooperative Bank of Peloponnese did not include any state aid within the meaning of the EU rules. The Bank of Greece decided to place this bank, which holds 0.1% of the market share in Greece, under a resolution procedure, as it has not succeeded in covering its capital requirements from private investors.
The existing entity will therefore be placed into...