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JP Morgan: BNR Has The Power To Save Greek Banks. It Won't Be Necessary, Says BNR
06.24.2011
Romania's banking system would still be standing even in a worst-case scenario, where Greek banks were so seriously crippled by the financial crisis that they would be forced to give up their foreign subsidiaries, according to a JP Morgan Chase analysis. The analysts also think the leu has been too severely penalized for the link between the Romanian economy and the Greek crisis.
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