Govt spox denies another bank recapitalization in the works; refers to ‘danger-mongering’
A government spokesman in Athens on Monday attempted to downplay resurgent speculation and concerns over “bad debt” burdening Greece’s systemic banks, held mainly in the form of non-performing loans (NPLs), and in the wake of statements by top ministers, especially Deputy PM Yannis Dragasakis.
Dimitris Tzanakopoulos referred to “danger-mongering” and attempts at “distortion” by a portion of the media, days after Dragasakis was quoted as saying domestic lenders may require another recapitalization, which “could” require Greek taxpayers to foot the bill. Greece’s banks have been recapitalized three times since 2011, while their value today is at roughly 5 percent of the value it was when the Tsipras government assumed power in January 2015.
“All of this (scrutiny) did not begin with certain statements by Mr. Dragasakis. This is all in the sphere of fantasy of certain journalists, who believe they are free to try and destabilize the banking system,” the spokesman told a local radio station.
In dealing with the substance of the minister’s quip, the spokesman denied that there was a plan for another recapitalization in the works.
You may be interested
PM Mitsotakis cites Greek Constitution to back mandatory vaccinationsmakis - Jul 23, 2021
Prime Minister Kyriakos Mitsotakis cited the Greek Constitution in response to those opposing mandatory Covid-19 vaccination during his meeting with…
Who Has Spent The Most Time In Space? (infographic)Panos - Jul 22, 2021
As Russia celebrates 60 years since Yuri Gagain became the first person to orbit the Earth, the state of space travel looks…
What Do Americans Think Of Famous Billionaires? (infographic)Panos - Jul 22, 2021
Hot on the heels of fellow billionaire Richard Branson, Amazon founder Jeff Bezos is set to blast into space. He…