Galery

1

   The first six months results are only a prelude to the presentation of the stress tests results. They will take place in August and the results will be published in September. This is when the “matchmaking”, or the compatibility among banks with regard to merger- which according to analysts is only a matter of time, will be possible after a careful, “between the lines” investigation. The so needed cash capital and liquidity have so far been provided solely by the European Central Bank. So far Greek banks have borrowed from the ECB €90b. According to the weekly Kefaleo the institution, managed by Jean-Claude Trichet, has announced that the largest amount that Greece can borrow is 120 billion, i. e. there are only 30 billion left, which will most likely be absorbed by the end of summer. And then what?