“Probably some of the bank shares will be nationalised”, Papandreou told reporters in Brussels after a 10-hour European summit. “After restructuring, we will then take it back out on to the market.” Papandreou didn’t give any details on the banks that would be targeted in any nationalisation programme or the size of any potential shareholdings. “Greek banks will come out of this with a very clear picture, being reorganised in a way so that they can be viable banks with no problems as far as the Greek debt risk”, Papandreou said.
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