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Friday, June 14, 2013

Greek bank avoids nationalisation

Greece's largest bank, the National Bank of Greece, has said it has succeeded in raising enough capital to avoid being nationalised, the second Greek bank to meet that target.The debt-stifled country's banks are being bailed out by a EUR50bn national rescue fund set up with international bailout cash.To avoid nationalisation they must raise a 10th of their capital needs from private ...

READ THE ORIGINAL POST AT www.greekherald.com