Greece plans to provide as much as 9 billion euros in state guarantees to help its banks reduce a mountain of soured debt weighing on their balance sheets, Bloomberg and Handelsblatt report. The money will be given from the “buffer” of nearly 40 billion euros from taxpayers money. Greek banks have already been recapitalized twice. … The post Project Hercules: Gov’t to help Greek banks with €9billion appeared first on Keep Talking Greece.
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