Recapitalized Banks To Fire Workers Close Branches

The first order of business for Greek banks who are getting 50 billion euros ($65.5 billion) in free money from the government in a recapitalization will be firing workers and closing branches. It is estimated that in the first phase will start in September and last for six months, some 4,000 to 5,000 bank employees will be fired and around 400 to 500 branches will close. This process will ...

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