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Greek banking sector recapitalization and restructuring: Program modalities, progress already made and next steps (Friday, January 25, 2013)

Greece Focus Notes

25 Ιανουαρίου 2013
Safeguarding domestic financial stability is one of the three main pillars of both the first and the second Greek adjustment programmes agreed with official lenders (the other two being the restoration of fiscal sustainability and the creation of a solid base for a return to sustainable economic growth via the implementation of ambitious structural reforms). In these lines, the completion of a sizeable recapitalization plan for the domestic banking system constitutes an important structural benchmark under the county’s new adjustment programme and it is considered to be a key precondition for a gradual restoration of domestic financial conditions...
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