Private investors should participate in the new share capital increases of the Greek banks and avoid the scenario of nationalization, a senior official of the country’s central bank said on Tuesday, following a meeting between Greek Finance Minister Giorgos Houliarakis and Bank of Greece Governor Yannis Stournaras.
According to the official, the two men agreed to set up a working group from Greece’s bank bailout fund, the finance ministry and the Bank of Greece to prepare the legal framework required for their recapitalization.
He also said the review of the banks’ loan portfolios by the European Central Bank (ECB) is progressing quickly and is expected to be completed by the end of the month.
The bank withdrawal limit was left unchanged at 420 euros per week.
(Source: ANA-MPA)
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