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Greece’s Return to Market Eased by Banks, Provopoulo Says

April 9 (Bloomberg) -- Greek lenders’ success last month in raising funds from foreign investors shows the government can reach its goal of returning to bond markets, George Provopoulos, Bank of Greece’s Governor, says in interview.

* NOTE: Piraeus Bank SA, Alpha Bank AE last month raised

nearly EU3b to plug capital shortfall Bank of Greece

identified in stress test * Successful restructuring of banking system, recapitalization

of banks from the market after stress-test exercise have

paved the way for Greek government to tap the market:

Provopoulos * ECB funding will be further reduced as Greek banks continue

to regain access to markets * Banks should now help shift economy toward production of

tradable goods, which will boost net exports, help generate

sustainable growth * “We are reflecting on the design of a quantitative-easing

program in the euro area,” says Provopoulos

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