Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief

EconomyBanking Tags: Banking, HFSF

Greece is likely to recover more than 30 billion euros of the 50 billion it has borrowed to rescue its banks, Hellenic Financial Stability Fund (HFSF) CEO Anastasia Sakellariou told Kathimerini newspaper in an interview published on Sunday.

The HFSF’s original paid-up capital stands at 49.7 billion euros and Sakellariou said that its recovery value would potentially exceed 30 billion euros. This estimation stems from the current value of HFSF shareholdings in core Greek banks of 18 billion...

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