Greece Redirecting European Bank-Buffer Funds: How It Might Work

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The euro area might allow Greece to use 9 billion euros of unused bank-rescue funds for current expenditure as the anti-austerity government of Prime Minister Alexis Tsipras, pictured, seeks to avert a default.

Photographer: Kostas Tsironis/Bloomberg

As Greece’s financial health gets ever more parlous, the option of using bank-bailout funds for purposes other than bolstering the country’s lenders looms large. Here are some pointers on how it might work and background:

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