Brussels, 12/01/2016 (Agence Europe) - On Tuesday 12 January, the European Commission announced that it had approved a seventh prolongation of the Cypriot bank guarantee scheme. It has this time been extended until 30 June 2016.
The Commission finds that this prolongation measure is in line with its guidance on support measures for banks during the financial crisis. The measure is targeted, proportionate and limited in time and scope, the Commission explains. It therefore concluded that the...