Bloomberg News

Greek Bank Recapitalization to Be Delayed, Euro2day Reports

July 27, 2012

The recapitalization of Greece’s four largest banks will be delayed by at least three months from the original September deadline, Euro2day said, without citing anyone.

Finance Minister Yannis Stournaras acknowledged the delay during talks with representatives of Greece’s bank employees union, the Athens-based financial website reported.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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