The embattled Greek government heaved a sigh of relief when Alpha Bank and Eurobank EFG agreed to merge in August. Not only did it create an institution with €150bn ($216bn) in assets, it paved the way for similar exercises that should strengthen a beaten-up financial sector. The Athens stock market jumped 15 percent.
Alpha bank Euro
The embattled Greek government heaved a sigh of relief when Alpha Bank and Eurobank EFG agreed to merge in August. Not only did it create an institution with €150bn ($216bn) in assets, it paved the way for similar exercises that should strengthen a beaten-up financial sector. The Athens stock market jumped 15 percent.
