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Greek bill gives rescue fund legal cover for bank capital boosts


By Lefteris Papadimas & George Georgiopoulos

Greek banks that are majority-owned by the country's bank rescue fund HFSF will be allowed to issue new shares to boost their capital at market prices, according to a draft bill that also gives the rescue fund legal cover to see its stakes diluted.

USA To Hold Military Exercises in Poland

The US is preparing military exercises in Poland, said US ambassador to Poland, Stephen Mull. 

According to Mull, they would included  Poland, the Czech Republic, Hungary, Slovakia, Romania, Bulgaria and the Baltics.

Polish radio station Radio Zet, quoted by Reuters, said Mull told them that the exercise will take place in the Lask base in central Poland. 

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