Monday, May 28, 2012

EURUSD: Greek Banks Will Be Recapitalized Soon




According to George Provopoulos, Governor of the Bank of Greece, 4 major Greek banks are to receive €18bn in the coming days.

 
 
Earlier this week, the Stabilization Fund of Greece, which is currently implementing the recapitalization of Greek banks, has recently approved a plan, which will allow the banks to receive extra financial support from the European Central Bank.

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