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Greece says needs 27.5 bn euros to recapitalise 4 banks

A ?1 coin made in Greece and a pile of eurocents is pictured on May 21, 2012. Greece's four biggest banks need 27.5 billion euros ($36.4 billion) in recapitalisation funds, the national central bank said in a report released Thursday.

Greece's four biggest banks need 27.5 billion euros ($36.4 billion) in recapitalisation funds, the national central bank said in a report released Thursday.

"The resulting capital needs for all Greek commercial banks were estimated in May 2012 at 40.5 billion euros, of which the 27.5 billion euros corresponded to the four core banks," it said: the National Bank of Greece (NBG), Alpha, Eurobank, and Piraeus.