Final structure of bank recap taking shape, cautious optimism for outcome

Photo by MacroPolis
Photo by MacroPolis

Despite indications that the government would reveal its decisions on the bank recapitalisation framework by October 21, discussions within the cabinet and with the mission chiefs continued throughout last week.

Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected to announce the Greek banks’ capital needs on October 30–31, the draft bill on bank recapitalisation is expected to be tabled shortly and voted on before the SSM disclosure.

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