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
Nice Muslim terrorist arrived in France from Lampedusa – Watch the moment of his arrest (video)makis - Oct 29, 2020
A Tunisian man who arrived in Europe with a group of migrants rescued off the coast of Lampedusa in Italy…
Two Greek hotels win TUI top awardsPanos - Oct 29, 2020
Two Greek hotels are among the 16 winners of the TUI Global Hotel Awards, a great distinction that boosts the international visibility of the…
Another Christian Monastery to open as a Mosque in TurkeyPanos - Oct 29, 2020
After the conversion of the iconic Hagia Sophia into a mosque, another famous building of Orthodox Christianity in Constantinople (Istanbul), will reopen…