Greece's National Bank and Eurobank face nationalisation
- 11 years ago
Shares in Greek lenders National Bank and Eurobank have plunged as they put a full merger on hold and said they cannot raise enough money to rebuild their capital.
As a result both now face nationalisation.
Together, the two banks need 15.6 billion euros in fresh capital following losses from Greece's sovereign debt writedown last year, as well as loans that won't be paid back.
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http://www.euronews.net/
As a result both now face nationalisation.
Together, the two banks need 15.6 billion euros in fresh capital following losses from Greece's sovereign debt writedown last year, as well as loans that won't be paid back.
...
http://www.euronews.net/