Greeks act to avert bank failure

Greece’s four largest banks agreed in August 2011 to take up a €50m convertible bond to help recapitalise Proton Bank, a small lender, in what was being seen as an attempt to avert a run on the country’s fragile banking system.

ESO: Background information: Greek banks left to the hands of fate http://www.europeansources.info/record/greek-banks-left-to-the-hands-of-fate/

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