Gov’t submits bill on bank recapitalization

30 October 2015
116 Views

The Greek government on Friday submitted a bill on the recapitalization of the country’s lenders ahead of a vote on Saturday.
On Thursday Deputy Prime Minister Yiannis Dragasakis informed President Prokopis Pavlopoulos about the recap process, saying that the law will have been voted in time for the share capital increases to begin on Monday, November 2.

“Our primary target is to perform the recapitalization in a way that does not affect deposits, which means it will have to be completed within 2015, as from next year the directive imposing a haircut on deposits above a certain level will come into effect,” said Dragasakis.

You may be interested

Syros: Greek tradition & western influence come to a harmonious marriage
GREECE
shares82 views
GREECE
shares82 views

Syros: Greek tradition & western influence come to a harmonious marriage

Panos - Oct 20, 2017

Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…

Environment may have partially led to the fall of Queen Cleopatra, research suggests
WORLD
shares91 views
WORLD
shares91 views

Environment may have partially led to the fall of Queen Cleopatra, research suggests

Panos - Oct 20, 2017

Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…

Greek astronomer in Germany discovers spindle-like galaxies
GREECE
shares77 views
GREECE
shares77 views

Greek astronomer in Germany discovers spindle-like galaxies

Panos - Oct 20, 2017

Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…

Leave a Comment

Your email address will not be published.