Brussels, 23/07/2014 (Agence Europe) - On 23 July, the European Commission gave the go-ahead to restructuring plans for National Bank of Greece (NBG) and Piraeus Bank.
EU Competition Commissioner Joaquin Almunia said: “Through the restructuring plan, NBG will focus its activities on the strong Greek and Turkish banking operations and improve their efficiency. This will ensure that the bank can continue financing the Greek economy on a sustainable basis”. NBG has already started to...