BRUSSELS: The European Commission (EC) is pressing Greece to wind down certain banks, possibly including its fifth-largest lender ATEbank, European Union (EU) sources said.
Although it is the responsibility of Greece's central bank to close a struggling lender, the EU executive also has a say under state-aid rules, which allow it to refuse a request to rescue a bank if the commission considers it too costly to save effectively forcing the bank to be wound up.
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