08/05/2020 (Agence Europe) – The European Commission approved on Friday 8 May, under EU State Aid rules, the eleventh prolongation of an Irish scheme aimed at restructuring the country's credit unions. This plan was initially approved in October 2014 and last prolonged in November 2019. The objective of the scheme is to underpin the stability and long-term viability of credit unions and the credit union sector in Ireland. Restructuring involves merging credit unions with ample reserves...