Markets buoyed by election result
PDMA nears completion of annual debt strategy, taking another cautious step
Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
S&P only ups outlook, waits for political clarity before rating move
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
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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