EU Said to Tap Michelis as Greek Bank-Rescue Fund Chief

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Georgios Michelis, a former executive at Emporiki Bank, is on track to become chairman of Greece’s bank rescue fund, according to two euro-area officials.

Michelis is being considered for the post at the Hellenic Financial Stability Fund by finance ministry deputies, who must sign off on the move, the officials said, who asked not to be identified because the process is private. He’ll get the job if there aren’t objections and if he’s willing to accept the position.