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Greek Bank Recapitalization Not Before End of 2012, To Vima Says

The recapitalization of Greece’s four largest banks will not be completed until the end of the year, or in early 2013, at the soonest, newspaper To Vima said, without citing anyone.

The original plan for 10 percent of recapitalization funds to come from the private sector may be revised either up or down, the Athens-based paper reported in a preview of an article to be published in tomorrow’s edition.

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