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    Banks count the cost of Greek loans

    euronews (in English)

    by euronews (in English)

    The size of the losses faced by banks that have lent money to Greece is set to rise and those banks are coming under increasing pressure to raise their reserves to cope with that. In the summer it was calculated they would not get back around 21 percent on those loans; now the discussions are about a loss - or haircut as they call it in the banking world -- of 30 to 50 percent. ...