Greek Banks Need 14 Billion Euros, Report Claims

30 October 2015
103 Views

The four major Greek banks need 14 billion euros to cover their capital needs, according to Reuters.

A Reuters report cites two European officials who claim that European Central Bank’s comprehensive assessment of the Greek banks generated the amount.

The ECB’s official stress test results on Greek banks are set to be released on Saturday. The recapitalization is targeted at Greece’s four major banks: Alpha Bank, Eurobank, National Bank, and Piraeus Bank.

The Greek government has tabled a proposed legislation on the process of the recapitalization of the Greek banks. Yannis Dragasakis, Greek government Vice-president noted on Thursday that the parliament will vote on the draft legislation on Sunday, following the release of the ECB’s results.

You may be interested

GREECE
shares44 views

Olympiakos announces Lemonis as new coach

makis - Sep 25, 2017

Former coach of Olympiakos Takis Lemonis will take the helm of the club after the administration sacked coach Besnik Hasi…

Latest poll: ND leads SYRIZA by 13%
POLITICS
shares53 views
POLITICS
shares53 views

Latest poll: ND leads SYRIZA by 13%

makis - Sep 25, 2017

Major opposition party New Democracy (ND) holds a 13% point lead over ruling leftist party SYRIZA in the latest poll…

Dijsselbloem says “clean exit” from memorandum for Greece the goal, but supervision will continue…
FINANCE
shares62 views
FINANCE
shares62 views

Dijsselbloem says “clean exit” from memorandum for Greece the goal, but supervision will continue…

makis - Sep 25, 2017

“We share a common and strong interest in completing the review quickly before the end of year”, said EuroGroup President…

Leave a Comment

Your email address will not be published.