Brussels, 03/11/2015 (Agence Europe) - The European Commission has said that it is encouraged by the results of the health check of the four Greek systemic banks (Alpha Bank, Eurobank, BNG and Piraeus Bank) published by the ECB over the weekend.
The ECB took two scenarios as its basis. The first, referred to as the 'baseline' scenario, saw Greek GDP drop 2.3% this year and by 1.3% in 2016, before bouncing back to 2.7% in 2017. In this scenario, the four banks would have a capital shortfall...