On Tuesday 19 June, the European Commission approved Cypriot measures to facilitate the liquidation of Cyprus Cooperative Bank Ltd. (CCB).
These measures complete the restructuring process of the CCB, which the Cypriot state launched in February 2014. As the bank was unable to return to a certain level of viability, the national authorities notified the Commission on Sunday 17 June of their plans to support its orderly liquidation.
This liquidation will take the form of the sale and total...