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EC Statement: State aid - EC temporarily approves aid to Alpha Bank, EFG Eurobank, Piraeus Bank, National Bank of Greece; opens in-depth probe

( July 27, 2012, 09:45 GMT | Official Statement) -- MLex Summary: The European Commission has temporarily approved a Greek bridge recapitalisation in favour of Alpha Bank, EFG Eurobank, Piraeus Bank and National Bank of Greece. It has also started an in-depth probe into the measures. The approval normally expires in six months, unless the Greek authorities make a complete notification of the final recapitalisation within that period. In this case, the approval is valid until the commission reaches a final decision.Full statement follows....

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