All eyes on Frankfurt for stress test results
Athens and Brussels are eagerly anticipating the results of the stress tests on Greek banks and their capital requirements according to the baseline and the adverse scenarios that the European Central Bank will release on Saturday morning in Frankfurt.
The extent of the capital needs will determine whether or not the recapitalization of banks can be dissociated from the completion of the first review of the bailout program.
The all-important euros, i.e. the amount Greece has already borrowed, and can be released to banks through a simple decision by the European Stability Mechanism board.
You may be interested
Village Hopping on Greek island of Tinos!Panos - Jul 24, 2017
Architecture, crafts, local traditions and unique features, make a visit to each one of these 8 villages an unforgettable experience…
One of Oldest Schools in Greece to be RestoredPanos - Jul 24, 2017
The tender for the restoration of one of the oldest schools in Greece was completed; works will begin soon in…
Greece on brink of return to sustainable growth, economists believePanos - Jul 24, 2017
Greece could be close to returning to sustainable economic growth at last after almost a decade of devastating recessions and…