EFSF OK?s 7.2B Euros For Greek Banks

Greece’s beleaguered banks, brought into difficulty when a previous government imposed 74 percent losses on investors and bond holders to write down the country’s staggering debt without paying them back in full, will be getting a 7.2 billion euro ($9.33 billion) injection from the European Financial Stability Facility (EFSF) as part of a 50-billion-euro ($64.9 billion) ...

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