On Saturday 5 May, the European Central Bank (ECB) published the results of its stress tests on the four significant Greek institutions - Piraeus Bank, the Greek National Bank, Eurobank and Alpha Bank - which showed average capital depletion of 9%, or a loss of around €15.5 billion between now and 2020, in an unfavourable scenario.
In separate press releases, the banks in question expressed overall satisfaction with these results, stating that they had no capital deficit to fill and that...