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Executive board of Hellenic Financial Stability Fund resigns

The trio comprising the executive committee of the Hellenic Financial Stability Fund (HFSF) resigned on Wednesday, a development that had been expected over the recent period.

The tendered resignations are by CEO Aris Xenofos, deputy CEO Giorgos Koutsos and EB member Anastasios Gagalis,

HFSF was created in 2010 to boost stability of the crisis-battered Greek banking system, with a strategic role in three recapitalizations of the Greece’s systemic banks so far.