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1. However, just how much they actually required would not be known until the European Central Bank (ECB conducts a probe into their books together with a stress test examining how they would be affected if the economy turned even sourer than expected in 2015-17. 2. Greek banks had been undermined for over half a year as deposits drained out of them, on worries about a possible exit from the euro once Syriza, a radical left party, won the election held in January 2015. 3. Even so, the notion that they would need as much as €25 billion to offset the damage and put them on a sound footing appeared unduly pessimistic. 4. They had been further hurt by the harm done to the economy and thus to their loans arising from Syriza's ill-judged attempt to outbluff its official creditors. 5. When the third Greek bail-out was outlined in principle after an extraordinarily fraught summit of euro-zone leaders, between €10 billion and €25 billion out of the total sum of up to €86 billion of help was set aside for bank recapitalisation. ___ |
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Answer» 1. However, just how much they actually required would not be known until the European Central Bank (ECB conducts a probe into their books together with a stress test examining how they would be affected if the economy turned even sourer than expected in 2015-17. 2. Greek banks had been undermined for over half a year as deposits drained out of them, on worries about a possible exit from the euro once Syriza, a radical left party, won the election held in January 2015. 3. Even so, the notion that they would need as much as €25 billion to offset the damage and put them on a sound footing appeared unduly pessimistic. 4. They had been further hurt by the harm done to the economy and thus to their loans arising from Syriza's ill-judged attempt to outbluff its official creditors. 5. When the third Greek bail-out was outlined in principle after an extraordinarily fraught summit of euro-zone leaders, between €10 billion and €25 billion out of the total sum of up to €86 billion of help was set aside for bank recapitalisation. |
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