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Macro chatter: Greek recession killing Athens intercourse company
Need to find out: Once the US barbecued and relaxed on beaches and ships around the world Monday, Greece had been busy establishing a number of its biggest banks by having an 18 billion euro lifeline.
The funds supplied to your four banking institutions will let them start borrowing through the European Central Bank once again. The ECB, which includes become a last-resort loan provider for numerous Greek banking institutions, had cut them off.
The banking institutions were dangerously low on money, a sense likely somewhat familiar to Greece it self.