Cyprus Mail

Private sector unlikely to recap Greek banks in 2015, bondholder bail-in likely, Moody’s says

By Stelios Orphanides

Moody’s Investors Service said that the time remaining for the private sector to participate in the recapitalisation of Greece’s banks is limited before the end of the year and as a result, the use of public funds and a bail-in of bond-holders becomes more likely.

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