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Some key tasks pending as Greece edges closer to completing post-programme process
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PBO highlights exceptional factors supporting recovery, cautions against complacency
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Govt grabs opportunity offered by escape clause to entice voters with support package
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Recovery in car sales slows to 2.7 pct in August
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Rise of property prices continues with 4.6 pct increase in Q2
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Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
A report by Fitch ratings agency estimates the 25 billion earmarked in the Euro Summit statement of July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease to be counted as core capital.
Under those assumptions, Fitch calculates Greek banks would face a capital shortfall of 11.2 billion euros.
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