Bondholders in Greek banks are bracing themselves for possible restructurings of the institutions that could see them face losses, after the Greek government and its creditors in effect admitted that the four major lenders needed to be recapitalised. In a letter seen by IFR to the European Central Bank, European Stability Mechanism, Eurogroup and Bank of Greece, a group of senior bondholders in national bank of greece Said they were "concerned ... about the lack of clarity and transparency in relation to measures that may be taken to revitalise the banking sector in Greece".
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