Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Papandreou Says Some Greek Banks May Need Phase in State Hands

Don't Miss Out —
Follow us on:

Oct. 31 (Bloomberg) -- Greek Prime Minister George Papandreou said the government may need to nationalize some of the country’s banks as the state acquires stakes in them as part of their recapitalization.

The banks would pass through state hands “for a period,” before being privatized, Papandreou said in comments to ruling party lawmakers in Athens televised on state-run Vouli TV today.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.