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Let the Recap begin! ESM releases €2.72bn for Piraeus Bank
Tuesday, December 1, 2015 5:01
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The Board of Directors of the ESM decided today to release €2.72 billion to Greece to recapitalise Piraeus Bank. This amount will be subtracted from the €10 billion held in a segregated account at the ESM and designated to cover the Greek banking sector’s potential resolution and recapitalisation costs, part […]
Source: http://www.keeptalkinggreece.com/2015/12/01/let-the-recap-begin-esm-releases-e2-72bn-for-piraeus-bank/
