Bloomberg: ‘Stress test’ results for Greek banks in early May
Results of “stress tests” on Greece’s four systemic banks will be announced on May 4 and 5 by the European Central Bank (ECB), Bloomberg on Tuesday quotes an ECB source as saying.
The date would come some three months before the third – and last – Greek bailout ends in August, as stress tests for Greek banks had been moved up to February 2018, ahead of similar such audits in other EZ countries.
Bloomberg notes that Athens has already amassed 20 billion euros – received as loans from the current program – to reinforce its systemic banks before August. If deemed unnecessary, then the money can be funneled elsewhere, such as possible debt relief measures.
Finally, the same report emphasized that creditors are increasingly confident that the four banks will pass the “stress tests”.
You may be interested
Pakistani gang leader arrested by Greek policemakis - Nov 27, 2020
The Pakistani leader of a gang, whose knife-wielding members broke into an apartment in Kaminia last Saturday and slaughtered a…
These blood types have a lower risk of contracting Covid-19Panos - Nov 27, 2020
New research adds to the growing body of evidence that people with blood type ‘O’ may have a lower risk…
Former New York Times reporter blasts Amazon for censorship over Covid-19 masksPanos - Nov 27, 2020
Former New York Times reporter Alex Berenson has slammed Amazon for attempted ‘censorship’ after the company backed down from its…