U.S. Says Greece Must Lift Bank Governance to Build on Progress
- Greek banks have benefited from `meaningful stabilization'
- Treasury Undersecretary Nathan Sheets speaks in interview
The Greek national flag flies atop a building near Syntagma Square in Athens, Greece
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Greece must improve financial-sector governance now that its biggest banks are moving to sounder footing, the U.S. Treasury’s top international official said.
“There’s a meaningful stabilization of the Greek banks,” Nathan Sheets, undersecretary for international affairs, said in an interview ahead of Saturday’s stress test and asset quality review results.