By George Georgiopoulos and Lefteris Papadimas ATHENS (Reuters) – Greece’s Piraeus Bank agreed to buy the operations of stricken Cypriot banks in Greece for 524 million euros, the lender said on Tuesday, in a deal hastily cobbled together to protect the Greek banking sector from the island’s debt crisis. The deal, funded by Greece’s bank bailout fund HFSF, means 312 local branches of the three Cypriot banks will reopen on Wednesday after being shut since March 19 as Cyprus scrambled to strike a bailout deal to prevent an economic meltdown. …
Economy News Headlines – Yahoo! News
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