In an interview published in the Wall Street Journal, Greek Central Bank chief, G. Provopoulos said Greek banks had sufficient capital to see it through recent upheavals and ruled out possibility of Greece’s bankruptcy. This is the reason why ECB continues buying state bonds, Mr. Provopoulos added
He , however, expected bad loans to rise over the next two years, potentially putting pressure on smaller Greek banks.
Russian Divergence of Views
Russian Foreign Minister Sergei Lavrov takes distance from Russian Finance Minister Alexei Kudrin, who spoke of possible restructuring of Greek debt. In his statement Sergei Lavrov stressed that Russia and its President Dmitri Mentviendef position is to support EU measures to rescue Greece’s economy and its financial system.
Specifically, his statement reads:
“I haven’t heard that statement but in any case Russia can not support a position which is not in the sphere of its competence. Resolution of financial problems is primarily Greece’s responsibility but as I understand the EU is having active involvement in the case of Greece”.
(source: ana)
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