MNeagle
28th May 2012, 10:11 AM
ATHENS | Mon May 28, 2012 11:20am EDT
ATHENS May 28 (Reuters) - Greece's bank support fund on Monday disbursed 18 billion euros to the country's four biggest banks as a part of a long-planned recapitalisation effort, a fund official said.
"The funds have been disbursed," the official at the Hellenic Financial Stability Facility, who declined to be named, told Reuters.
The injection - via bonds from the European Financial Stability Facility rescue fund - will boost the capital base of National Bank, Alpha, Eurobank and Piraeus Bank, allowing them to regain access to European Central Bank funding.
http://www.reuters.com/article/2012/05/28/greece-banks-idUSA8E8E500W20120528
hmmm, who finances the EFSF??
ATHENS May 28 (Reuters) - Greece's bank support fund on Monday disbursed 18 billion euros to the country's four biggest banks as a part of a long-planned recapitalisation effort, a fund official said.
"The funds have been disbursed," the official at the Hellenic Financial Stability Facility, who declined to be named, told Reuters.
The injection - via bonds from the European Financial Stability Facility rescue fund - will boost the capital base of National Bank, Alpha, Eurobank and Piraeus Bank, allowing them to regain access to European Central Bank funding.
http://www.reuters.com/article/2012/05/28/greece-banks-idUSA8E8E500W20120528
hmmm, who finances the EFSF??