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GreekReporter.comGreeceExtension for Greek Bank support measures by the Commission.

Extension for Greek Bank support measures by the Commission.

Yesterday, the European Commission approved an extension until December 31st 2010, of a series of support measures by the Greek as well as the Polish Govenrments in order to aid the domestic credit institutions. As far as Greece is concerned, the initial support series were taken on November, 19 2008 and from that date on another two extensions took place. According to the European Commission that extension is given in terms of a guarantee and recapitalisation scheme.

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