BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Greek 30-year bond attracts strong demand at attractive yield
Finance Ministry grapples with escalating cost of pandemic
Pandemic drove 28.4 bln of bank loans into moratorium last year
Fitch keeps Greece at 'BB' rating as risks remain on horizon
What lies at the heart of differences over Greek banks' capital needs?
Following a meeting last week between Bank of Greece (BoG) senior officials with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus), where the central bank reportedly informed lenders that their capital needs amount to around 5 billion euros, a Financial Times report published on Monday puts things in a completely different perspective.
The FT claims that the IMF has estimated Greek banks’ capital needs at 20 billion euros, a figure almost four times larger than the one the BoG has reportedly arrived at. In addition, the newspaper states that senior troika officials believe the dispute...
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