Debt conundrum to keep Greek banks in months-long freeze
Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.
Rehabilitating the country's banks poses a difficult question. Should the euro zone take a stake in the lenders, first requiring bondholders and even big depositors to shoulder a loss, or should the bill for fixing the banks instead be added to Greece's debt mountain?
Answering this could hold up agreement on a third bailout deal for Greece that negotiators want to conclude within weeks.
The longer it takes, the more critical the banks' condition becomes as a 420 euro ($460) weekly limit on cash withdrawals chokes the economy and borrowers' ability to repay loans.
Read the rest at: http://www.reuters.com/article/2015/07/26/us-eurozone-greece-banks-idUSKCN0Q005P20150726
