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Sun, Jan. 18, 10:19 AM
- Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, Reuters reports.
- "We have sent a request to the ECB on ELA (emergency liquidity assistance) approval for all four major banks to have a shield for the banking system," a Bank of Greece official said.
- Greece's left-wing Syriza party, which wants to cancel austerity measures and a chunk of Greek debt, is currently leading in the polls.
- Greek banks: NBG, OTCPK:ALBKY, OTCPK:EGFEY, OTCPK:BPIRY
Mar. 7, 2012, 3:10 AMWith Greece's debt-swap deadline a mere day away, posturing continues from both bondholders and Greek officials, but some of the largest private holders are falling in line. SocGen, Assicurazioni Generali and UniCredit all say they'll participate in the swap, as will Greece's six largest banks.
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