Greece -Bank union holds warning strike -July 30, 2012

Bank workers have held a 24-hour warning strike demanding recapitalisation of the banks to avoid job losses. The unions fear that international creditors will drive the government into making decisions that will result in major job losses in the banking sector. The union spokesperson said banks should be recapitalised and jobs guaranteed. The Hellenic Financial Stability fund has said the banks need mergers to reduce costs and make them attractive to investors.

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