Greece to recapitalize banks after election

ATHENS: Greece will set up a working group with officials from its “troika” of creditors to look at ways of supporting its fragile banking system after this month’s election, the economy ministry said Tuesday.

Greeks will go to the polls for their fifth time in six years on September 20, as the government seeks a fresh mandate to implement reforms demanded under the new 86-billion-euro ($96-billion) international bailout.