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Greece aims for €24B in first tranche of new aid

  • Athens may seek €24B in a first tranche of bailout aid from international lenders in August to prop up its banks and repay its debts, Greece's Avgi newspaper reports.
  • The funds would be used to channel €10B as an initial recapitalization to domestic banks, €7.16B to repay an emergency bridge loan, €3.2B toward Greek bonds held by the ECB and other payments.
  • Athens also plans to open its stock exchange tomorrow, after five weeks of closure.
  • Greek banks: OTCPK:ALBKY, OTCPK:BPIRY, OTCPK:EGFEY, NBG
  • ETFs: GREK

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