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Greek Banks at a Discount

11 July 2010 / 14:07:03  GRReporter
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Stock assessments of Greek banks and so-called expected values, given by global credit rating agencies and investment banks dropped significantly turning them into an easy prey for aggressive international investors. This is what Vassilis Rapanos, the president of the National Bank of Greece said in front of the parliament, where he took part in the discussions for the law on creating the Fiscal Stability Fund. As GRReporter has already informed you, the Fund will receive €10b financing by the International Monetary Fund and will take over banks who fail the stress tests which results will be available

Tags: Greek bankspricesstocksmarets
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