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IMF Wants Greek Banks to Keep Management Private, Imerisia Says

Dec. 5 (Bloomberg) -- The International Monetary Fund has urged Greece to ensure that the country’s banks remain privately managed even if they need state recapitalization through the Hellenic Financial Stability Fund, Imerisia reported, citing an IMF report.

Greek banks should try to meet fresh capital requirements arising from writedowns of Greek sovereign debt through the private sector where possible, the IMF said in the report on Greece, according to the Athens-based newspaper.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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