Greece's Piraeus Bank offers relief to poverty-stricken borrowers

April 23, 2015 1:56 PM

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ATHENS, April 23 (Reuters) - Piraeus Bank will write off credit cards and retail loans up to 20,000 euros ($21,484) for Greeks who qualify for help under a law the leftist government passed to provide relief to poverty-stricken borrowers, it said on Thursday.

Greece has received two EU/IMF bailouts totalling 240 billion euros since it was hit by a debt crisis. The austerity programme imposed as a condition of the rescue has left one in four people out of work, and thousands struggling to pay debts.

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