On Wednesday 25 October, the European Commission approved the prolongation, until 30 April 2018, of the support for the Irish credit union restructuring scheme, under EU state aid rules.
This scheme was originally approved by the institution on 16 October 2014 (see EUROPE 11178). The aim of this aid measure, which has already been extended five times between July 2015 and May 2017, is to reinforce the stability and long-term viability of credit unions and the credit union sector in...