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UniCredit To Join Greek Rollover Plan

UniCredit is planning to take part in the Greek debt rollover plan.

UniCredit is planning to take part in the Greek debt rollover plan, The Wall Street Journal reports. The bank will participate in the rollover, if requested, to stop a Greek default, according to its CEO Federico Ghizzoni.

UniCredit has about €800 million of Greek exposure. French banks, which are the major holders of Greek sovereign debt, may voluntarily renew some of the maturing bonds, adds Reuters.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.

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