As Greek banks prepare for their imminent recapitalization, speculation mounts over whether or not they will be able to come up with the 10% of their total capital needs privately – as required by law – to keep the banks beyond state control.
With share capital increases drawing closer, few things are considered certain. Pireaus Bank and Alpha Bank seem to have found the funds to steer clear from losing control to the Financial Stability Fund. We also know for sure that Eurobank will be heading in the opposite direction. What the future holds for Greece’s National Bank remains uncertain.
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