Nouy Says Greek Bank Recapitalization Deadline Poses Challenge
- ECB ready with results of asset quality review and stress test
- Private sector has little time to decide if it will take part
This article is for subscribers only.
Greece will have to rush to meet a year-end deadline to inject fresh equity into its lenders because officials are running short of time to attract private investors, European Central Bank Supervisory Board chair Daniele Nouy said.
The ECB has completed its study of how much extra capital Greek lenders need and will decide on when to release the information “in the coming hours and days,” Nouy said in an interview in London.