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Thursday, June 27, 2013

Greeces Piraeus Bank raises private funds to avoid state control

ATHENS, June 26 | Wed Jun 26, 2013 7:11am EDT
ATHENS, June 26 (Reuters) - Greece's Piraeus Bank raised more than 19 percent of the funds it needed to plug a capital hole from private investors in a rights offering, it said on Wednesday.
The bank is the third major Greek lender to successfully recapitalise without falling under the full control of the Hellenic Financial Stability ...

READ THE ORIGINAL POST AT www.greekherald.com