State aid: Irish credit union restructuring scheme prolonged
In a Decision published yesterday, the European Commission has extended the Irish credit union restructuring scheme to run up to 30 April 2020. This is the tenth prolongation of an Irish scheme aimed at restructuring credit unions under EU State aid rules, which was initially approved in May 2019. The Commission took into account the limited impact of the aid in question on competition, as credit unions are small and only work with members.
For further information, visit the Commission’s competition website.