A man walks past a Piraeus Bank branch in Athens on October 31, 2015. AFP PHOTO / ANGELOS TZORTZINIS
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said Saturday after they underwent an in-depth financial health check.If the economy took a turn for the worse, the banks would have a capital shortfall of up to 14.4 billion euros, the test showed.Finally, an 86-billion-euro bailout was agreed, with 25 billion euros earmarked for the recapitalization of the four major banks.According to the Greek finance ministry, the banks intend to ask private investors to put up the funds.
FOLLOW THIS ARTICLE