Special Report, Americas, World

[ms-marvelnen]

The idea for credit unions came about in late 19th century Europe as part of the emerging cooperative movement. Cooperatives are voluntary, self-governed associations of people that work together for a common goal. The first cooperative was founded in 1844 by a group of workers in Rochdale, England. The Rochdale Society of Equitable Pioneers, as the group was known, pooled a pound from each member to open a cooperative store that sold butter, sugar, flour, oatmeal and candles. The cooperative movement evolved into the idea of pooling member money to offer credit to individuals. The first official credit unions were founded in Germany in 1849 to save poor urban workers from resorting to loan sharks for financial help. In North America, the first successful credit unions were founded in Canada at the turn of the 20th century.H., in 1909, but the movement really owes its early success to the work of Pierre Jay, the Massachusetts banking commissioner, and Edward Filene, a Boston businessman.|The Swedish fan association has made an agreement with Kyiv local authorities to locate their fan-town on Trukhaniv Island. Under previous arrangements, the camp will be able to accommodate 10,000 fans. The Swedes describe the place with enthusiasm, emphasizing the importance of accommodation near the centre and proximity to water. However, the fan association is actually happy of fact that they could solve the problem of accommodating their fans in a democratic fan camp. A reminder that the national team of Sweden will play three groups matches of EURO 2012 in the capital of Ukraine. “The location is ideal for us. Near a sandy beach there is also a large green area. At the same time, the camp is located only in 3.5 km from the Olympic National Sports Complex, where the EURO matches will take place. Some 400 metres from the camp there is a footbridge over the river in the direction of the city centre, and 500 meters - the FC Dynamo facility, where our team will hold open workouts. We are satisfied with everything”, Ingo Shoederlund from the CampSweden association explained. He said that the number of places in the tents currently stands at 6,486. “Given the fact that at the end of 2011 we received over 7,000 requests, we intend to increase capacity to 10,000", he added. The price for accommodation also suits Swedish fans - 129-189 SEK (approximately 150 - 200 UAH per place a day). The town will be equipped with 50 toilets, 160 showers, a cafe with Swedish food and a small security post. “We will have higher standards than at typical music festivals in Sweden”, Ingo Shoederlund assured.




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