Total disagreement with Troika over bank recapitalization.
- Written by E.Tsiliopoulos
The meeting between Bank of Greece governor Giorgos Provopoulos and the Troika auditors concerning the banks recapitalization ended up in total disagreement.
The difference of opinion was on the level of additional funding required for the banks' liquidity. The BoG side considers the cash flow needs of the Greek banks at around 6 billion euros, while the Troika representatives calculate it at closer to 10 billion.
After this estimate drift, the Bank Of Greece will be publishing the results of the Greek Banks stress tests unilaterally by the end of the week. These tests are from a study by Blackrock asset managing company, which the auditors dispute.
According to government sources, the main reason for the drift is the IMF estimates as to the funding required, which are too high and the Fund's insistence on these figures. That led to a communication breakdown which, given that the BoG governor is leaving for Frankfurt on Wednesday, looks permanent.
Meanwhile the government is desperate for a few words of encouragement from the Troika concerning the negotiations, ahead of the crucial Eurogroup meeting next Monday. If a positive statement doesn't arrive by then, the next installment of the loan is in jeopardy.
Related items
-
The programs for hosting diaspora children by the General Secretariat of Hellenism Abroad continue
-
Anne Hathaway: In Hydra for a vacation with her family
-
Pyrros Dimas: Photographed with Snoop Dogg in France
-
Tourists in Skiathos continue dangerous habit of sitting in back of planes while turbine kicks on (video)
-
Dendias after LoA signing: acquisition of F-35s will lead Hellenic Air Force into a new era
Latest from E.Tsiliopoulos
- The programs for hosting diaspora children by the General Secretariat of Hellenism Abroad continue
- Anne Hathaway: In Hydra for a vacation with her family
- Pyrros Dimas: Photographed with Snoop Dogg in France
- Tourists in Skiathos continue dangerous habit of sitting in back of planes while turbine kicks on (video)
- Dendias after LoA signing: acquisition of F-35s will lead Hellenic Air Force into a new era