BoG governor: Markets will open for Greece
"Markets are reopening for Greece,” Bank of Greece Governor Giorgos Provopoulos said.
- Published in Greece
"Markets are reopening for Greece,” Bank of Greece Governor Giorgos Provopoulos said.
By agreeing with the BoG estimates, Moody's is offering the Greek Finance ministry probably the best weapon in the upcoming negotiations with the Troika over the Greek banks recapitalization.
Systemic Greek banks, which have already received 41 billion euros in an injection of state money from previous tranches of bailout funds received by Greece, will need another 6.4 billion, and according to stress tests performed by BlackRock Solutions, less than the nine billion estimated is from international lenders.