Government steps in as NBG row takes new twist

EconomyBanking Tags: HFSF, NBG
Photo by MacroPolis
Photo by MacroPolis

Just one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major shareholder, the Hellenic Financial Stability Fund (HFSF), things appear to be flaring up again at the lender.

A meeting between Deputy Prime Minister Yiannis Dragasakis and NBG CEO Leonidas Fragkiadakis on Thursday is expected to trigger further developments, intensifying the crisis.

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