Greece – New paradigm or old problem?
Greece – Euro may bring issuing troubles
Turning round a troublesome bank where staff morale is low and the future outlook dismal is one thing; taking on Greece’s most profitable bank with its unique culture and strong management is quite another. But this is the task facing EFG Eurobank with its acquisition of Ergobank. Small wonder that EFG Eurobank managing director Nicholas Nanopoulos describes it as the most difficult of the three recent acquisitions his bank has made.
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