EU Demands Greek Bank Closures

Already struggling despite a 50 billion euros ($65 billion) government recapitalization, Greek banks are being squeezed by the European Union to reduce their operating costs, which means layoffs of workers when the unemployment rate is already a record 27.9 percent. The EU, which, along with the International Monetary Fund and European Central Bank makes up the Troika of Greece’s ...

READ THE ORIGINAL POST AT www.greekherald.com