Banks recapitalization enter the final phase
Greece’s four systemic banks will have to finalise their plans on how to cover their capital needs after the ECB’s recent stress tests and the voting of the recapitalization plan in the Parliament.
Banks have a deadline until Friday, November 6 to send their plans and at the same time start a series of discussions and meetings with foreign investors that already participate in their portfolios as well as new ones.
The banks expressed their optimism that the private sector will cover their capital needs and the procedure will be successful.
Finance Minister Euclid Tsakalotos also expressed optimism that the recapitalization of the banks and the bad loans will have been completed by the end of the year.
You may be interested
Markets uncertain over success of 3rd Greek evaluation, global media saymakis - Sep 20, 2017
International media do not share the optimism expressed by the Greek government about the timely completion of the third evaluation,…
Amazing discovery! Archeaologists find temple of Artemis in Euboea!makis - Sep 20, 2017
A Swiss-led team of archaeologists in Greece has made a spectacular find: the temple of Artemis, a famous open-air sanctuary…
Only Vatican and Greece enjoy such financial benefits, says EWG headmakis - Sep 20, 2017
The President of the Euro Working Group (EWG) Thomas Weiser warned that Greece would be under the oversight of its…