“We now have the tools, which didn’t exist in the past, to tackle difficult situations,” Bank of Greece Governor Yannis Stournaras tells reporters in Athens, when asked about developments in European banking system. Phew…
Bloomberg reports that
“Greek banks not at risk from turmoil in European banks,” says Stournaras, who is also a member of the Governing Council of the ECB, after meeting with Greek PM Alexis Tsipras.
The Greek economy showing positive signs, Tsipras reassured that next bailout review will be concluded promptly.
Stournaras, Tsipras also discussed conditions for Greece’s inclusion in ECB’s QE program.
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Safe…
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