Greek banks in need of a bailout too

Frankfurt

EUROZONE leaders acknowledged on Monday what has become increasingly obvious to everyday Athenians: Greek banks need a bailout, too.

Among its many proposed measures, the new accord between Greece and its European creditors calls for an overhaul of Greece's rickety banking system, including money to replenish capital and, if needed, to close insolvent lenders.

Despite the tentative deal, the European Central Bank, which has been keeping Greek…