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Wednesday, May 29, 2013

Sale of banks in Greece a 'political decision'


Cyprus Mail

Sale of banks in Greece a 'political decision'
Cyprus Mail
The operations of all three Cypriot banks – Bank of Cyprus (BoC), Laiki and Hellenic – went to Greece's Piraeus Bank, which paid around €500m. The sale was a precondition for Cyprus' €10b bailout, designed to help the island deleverage its vast banking ...


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