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Greek Bank Announces Plan to Recover from Bailout

Eurobank announced today a ?2-billion issue of new shares set to occur by the end of the year.

Greek Bank Announces Plan to Recover from Bailout (Reuters)

Eurobank, one of the four Greek banks bailed out by the European Union and the International Monetary Fund in the wake of Greece’s debt crisis and that country’s third-highest lender, announced today a ?2-billion issue of new shares set to occur by the end of the year. (?2 billion is approximately $2.7 billion, as of the time of writing.) This stock sale is part of the bank’s plan to return to private ownership after the 2012 bailout.

What do you think about Greece’s recovery? Is it time to celebrate, or do the country and its banks still have progress to make? Comment below.

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Greek Bank Announces Plan to Recover from Bailout

Greek Bank Announces Plan to Recover from Bailout (Reuters)

Eurobank, one of the four Greek banks bailed out by the European Union and the International Monetary Fund in the wake of Greece’s debt crisis and that country’s third-highest lender, announced today a €2-billion issue of new shares set to occur by the end of the year. (€2 billion is approximately $2.7 billion, as of the time of writing.) This stock sale is part of the bank’s plan to return to private ownership after the 2012 bailout.

What do you think about Greece’s recovery? Is it time to celebrate, or do the country and its banks still have progress to make? Comment below.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

The New Aylan Kurdi.

U.S. POLITICS

Drag Queen Reading Hour Can Be Stopped.

CULTURE

Google Calls Jordan Peterson, Ben Shapiro Nazis Google Calls Jordan Peterson, Ben Shapiro Nazis

Did Google Just Admit to Being a ‘Nazi’ Collaborator?

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