The ins and outs of the Greek bank recapitalisation process

Photo by MacroPolis
Photo by MacroPolis

As the dust settles from Greece’s whirlwind agreement with lenders in August, attention is falling on the recapitalisation process for Greek banks.

The Eurogroup statement of August 14 sprung a surprise as it explained that the bail-in instrument would apply to senior debt bondholders but not  depositors.

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