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New haircut of the Greek debt by 30% -35% is coming

22 August 2012 / 19:08:29  GRReporter
6089 reads

It was the right move to sell the Agricultural Bank. As for other financial market players, we will have the opportunity to see how things will develop when it becomes clear how the Greek fund for financial support will implement the recapitalization of banks. This will be clear by the middle of September. It should be officially announced whether the recapitalization would be combined with giving preference shares with voting right or with only ordinary shares without voting right. It will be not be fatal if part of the control of banks falls into state hands for a limited period of time. It is important to rescue financial institutions.

Tags: EconomyMarketsDionisis HionisForeign debtHaircutGreeceCrisis
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