Brussels, 01/12/2015 (Agence Europe) - On Tuesday 1 December, the Board of Directors of the European Stability Mechanism (ESM) decided to release €2.72 billion to Greece for the recapitalisation of Piraeus Bank, following the green light of the competition services of the European Commission to this recapitalisation (see EUROPE 11442).
This money has therefore been taken from the envelope of €10 billion set aside for bank recapitalisation. The fact that the Greek banks have lower...