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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
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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