
FIVE BILLION PER BANK!The Greeks, once again caught fudging the numbers
A.S. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 26 februarie 2014
The fourth largest Greek lenders would need additional capital of 20 billion Euros, according to some estimates made by the IMF, obtained by the Financial Times.
The amount is almost four times higher than the amount announced at the end of last week by bank sources and derived from an analysis made by asset manager BlackRock for the Central Bank of Greece.
The estimate of the authorities from Athens was sent to the representatives of the Troika of international creditors (the IMF, the European Commission, and the European Central Bank) before their arrival, yesterday in the Greek capital, to resume the talks on the evaluation of the implementation of the financial aid agreement.