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Greece's National Bank and Eurobank face nationalisation

2013-04-08 1 Dailymotion

Shares in Greek lenders National Bank and Eurobank have plunged as they put a full merger on hold and said they cannot raise enough money to rebuild their capital. <br /><br />As a result both now face nationalisation.<br /><br />Together, the two banks need 15.6 billion euros in fresh capital following losses from Greece's sovereign debt writedown last year, as well as loans that won't be paid back.<br /><br />...<br />http://www.euronews.net/

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