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Friday, May 31, 2013

Greece sent ?7.2 billion for bank recapitalisation


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The European Financial Stability Facility (EFSF)has transferred €7.2 billion to Greece for the recapitalisation of the banking sector today.



Klaus Regling, EFSF CEO said, “The funds transferred to Greece should help to create a healthy and functioning financial sector, which is a precondition for the recovery of the Greek real economy”.



This amount was transferred via a cashless operation in two separate series: €3.6 billion in 11-year Floating Rating Notes (FRN) and €3.6 billion in 12-year FRN.








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READ THE ORIGINAL POST AT www.neurope.eu