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Image header Agence Europe
Europe Daily Bulletin No. 10665
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Four Greek banks get temporary state aid for six months

Brussels, 27/07/2012 (Agence Europe) - On 27 July 2012, the European Commission approved a bridging recapitalisation provided by the Hellenic Financial Stability Fund (HFSF) for Alpha Bank, EFG Eurobank, Piraeus Bank and National Bank of Greece, for reasons of financial stability given the size of the banks in question (which between them account for three-quarters of the Greek banking system). At the same time, the Commission has opened four in-depth investigations to examine whether the...

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