ECB results light up path for Greek coalition's bailout exit plan

PoliticsGreek Politics Tags: European Union
Photo by Harry van Versendaal
Photo by Harry van Versendaal

After a series of knock-backs in recent weeks, the coalition received its first boost for some time on Sunday when the European Central Bank’s stress tests revealed that Greeks lenders could need as little as 18 million euros in new capital.

The figure is infinitely lower than the one being discussed only a few months ago and is an encouraging sign with regards to the health of Greek banks. But looking at it from a purely political point of view, the most valuable aspect of the ECB’s assess...

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