Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone banks in good shape before stress test, insists Regling

The head of the euro zone's bailout funds, Klaus Regling, said that he believes banks in Spain, Portugal, Cyprus, Greece and Ireland are in good shape and that there will not be any surprises in European Central Bank stress tests due later in 2014.

In an interview to appear in Monday's Sueddeutsche Zeitung newspaper, the head of the European Stability Mechanism (ESM) said the five countries were benefiting from rising exports and economic growth was returning. He said it was important that the reforms continue.

"The banks in the program countries are in quite good shape,» Regling is quoted as saying. «I expect that there won't be any big surprises in Spain, Portugal and Cyprus. The same is the case for Greece and Ireland."

The ECB's asset quality review, an assessment of the balance sheets of more than 120 banks due to be completed next autumn, should bring transparency on the quality of banks' loans and other assets.

Bankers say that the latest checks on capital and stress tests of banks' resilience to shocks must be rigorous, pointing to the 2011 tests that found no weaknesses among Spanish and Irish banks, even though the countries subsequently asked for bailouts of their banking sectors.

European Monetary Affairs Commissioner Olli Rehn has said that banks are already preparing for the results of the stress tests by raising capital on the market, with about 80 billion euros (65.32 billion pounds) raised to strengthen banks over the past couple of years.

[Reuters]

ekathimerini.com , Monday February 17, 2014 (09:22)  
Stocks give up 0.37 percent in quiet session
Solidarity tax to be extended for two years
Spanish unemployment lowest since 2011 as economy grows
EU requests clarification on Italy´s ´breach´ of budget goals
Four Greek firms accused of EU subsidy fraud
An Athens Court of First Instance prosecutor has brought criminal charges of fraud against four Greek companies believed to have pocketed millions of euros in European Commission subsidies w...
New state body to be set up for truck safety in wake of accidents
In the wake of a spate of serious road accidents caused by trucks, Transport Minister Michalis Chrysochoidis on Thursday heralded the creation of a new state body to oversee truck safety. Ch...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Stocks give up 0.37 percent in quiet session
2. Four Greek firms accused of EU subsidy fraud
3. New state body to be set up for truck safety in wake of accidents
4. Independent Greeks leader claims MPs were blackmailed
5. Charges brought against OKANA chiefs over finances
6. Pharmacists’ chief warns of drugs shortage in Greece
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Samaras to represent Anastasiades at European Council meeting
5. Arrivals show increase in January-June 2014 period
6. Spanish unemployment lowest since 2011 as economy grows
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. The past, present and future of the Greek debt crisis
4. Greece’s closed society is central to its current malaise
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.