Greek Banks Face $15.9 Billion Bill After Economic Debacle

Updated on
  • Four Greek banks to submit recapitalization plans by Nov. 6
  • ECB conducted asset-quality review and stress test of lenders

Greece’s four main banks must raise 14.4 billion euros ($15.9 billion) in fresh capital, the European Central Bank said, as investors and taxpayers face the cost of repairing the damage from six months of wrangling between the nation’s government and its creditors.

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