J.Weissgerber: Greek banks recapitalization needs below 25 bln euros is positive

2 November 2015
143 Views

“The fact that the Greek banks recapitalization needs do not surpass 25 billion euros is positive,” German Finance ministry spokesman Juerg Weissgerber said on Monday adding that it is too early, however, to estimate whether the total Greek programme could be contained.

“We have to see first the plans of the Greek banks and then wait for the ECB’s reaction,” he noted.
“Banks can cover their needs with private funds,” he said adding that their plans should be submitted by November 6. “If they manage to do so, there is no need to be restructured based on European regulations.”

“The next step is to present their plans based on the bad scenario by the end of the year. We first have to wait for that,” he underlined.

You may be interested

Kavala: The port city with the numerous faces
GREECE
shares48 views
GREECE
shares48 views

Kavala: The port city with the numerous faces

Panos - Jan 16, 2018

Kavala, the capital and main port of the Kavala prefecture is amphitheatrically built on the slopes of Mt. Symvolo forming…

Greek Jan-Dec govt budget surplus beats target
FINANCE
shares42 views
FINANCE
shares42 views

Greek Jan-Dec govt budget surplus beats target

Panos - Jan 16, 2018

Greece’s central government attained a primary budget surplus of 1.96 billion euros in 2017, above target due to lower spending,…

Global tourist arrivals break 7-year record in 2017, UN Barometer reveals!
FINANCE
shares47 views
FINANCE
shares47 views

Global tourist arrivals break 7-year record in 2017, UN Barometer reveals!

Panos - Jan 16, 2018

Global tourism recorded its highest growth in 2017, with international arrivals rising by 7%, a performance well over the 4%…

Leave a Comment

Your email address will not be published.