Greece will make bank recap by end

July 31, 2015 4:50 PM

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ATHENS, July 31 Greece will make it a priority to recapitalise the nation's banks by the end of this year, probably using a bail-out fund to plug capital shortfalls, a Greek central bank official told Reuters on Friday.

"Our number one priority is to avoid a bail-in on Greek banks. If the recapitalisation occurs by the end of this year -- this way we will avoid a bail-in," the official said on condition of anonymity.

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