Greek Banks Should Consider Mergers to Help Funding, OECD Says
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Greek banks should look at mergers with foreign lenders to help them tap market funding and shouldn’t rush to reduce their reliance on the European Central Bank, according to the Organization for Economic Cooperation and Development.
“Further bank consolidation could be one option to increase access to market liquidity,” the Paris-based OECD said in a report today. “Managers and shareholders should, however, explore the option of partnerships or mergers with foreign banks.”