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Record losses of 28 billion euro for the banks after their involvement in PSI

21 April 2012 / 15:04:14  GRReporter
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Total losses reported by Piraeus Bank for the fiscal year 2011 reached 6.3 billion euro. The Bank was involved in the write-off programme of the Greek sovereign debt with bonds totalling 7.7 billion euro and as a result, reported losses of 5.9 billion euro.

Tags: Economic crisisPSIGreek banksLossesRecapitalizationLucas Papademos
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