Eurobank agrees to join government rescue plan

Eurobank, Greece’s second-largest lender, said yesterday it will take part in the government’s 28-billion-euro rescue plan. National, Alpha and Piraeus banks have also announced that they will join the plan, which aims at pumping credit into the national economy. «In today’s exceptionally difficult conditions, Eurobank is participating in the common effort to boost the defenses of the Greek economy against the international crisis,» the bank said in a statement. The government scheme provides capital injections via the sale of preferred shares to the state, guarantees on debt issuance and liquidity support.

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