Photographer: Yorgos Karahalis/Bloomberg

Greece Sets Terms for Aiding $15.9 Billion Bank Recap

Updated on
  • Banks face skeptical investors in quest for fresh capital
  • Lenders need to raise funds following economic debacle

Greece’s government detailed under what terms it will help banks plug a 14.4 billion-euro ($15.9 billion) hole in their books identified by the European Central Bank, paving the way for the lenders to seek cash from investors for the second time in 18 months.

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