Early banks stress tests offered as Greek programme compromise

EconomyProgramme Tags: Banking, ECB, IMF, Revenues
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

It appears that European lenders are trying to remove one of the potential stumbling blocks to Greece’s programme, which was the dispute over whether Greek banks need another round of asset quality reviews (AQRs) or not.

The International Monetary Fund has insisted that these tests are needed before Greece exits its programme next August to ensure that the banks do not need another round of recapitalisation.

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