Thursday May 28, 2015 Search
Weather | Athens
14o C
09o 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)  
Lagarde says still much work to do in Greek debt talks
European shares edge lower as Greek deal optimism fades
ECBs Nowotny says no to loosening funding for Greece now
New measure to benefit tax dodgers
G-7 weighs in on Greece as Tsipras government told to be serious
Germany and France told Greece to get serious about striking a deal on rescue aid, as ministers from the worlds biggest economies urged a resolution of the crisis to stop it from spilling b...
Athens, creditors offer conflicting views on negotiations
Prime Minister Alexis Tsipras said Wednesday that a deal with creditors was close and government officials said an agreement was being drafted but representatives of the countrys creditor...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next seasons Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Endless confusion and worry
The Holy See on Wednesday expressed its own view regarding the Greek crisis. Cardinal Pietro Parolin the Vaticans equivalent of prime minister voiced his concern over ongoing negotiatio...
EDITORIAL
Following up on a positive step
The latest European initiatives aimed at addressing the rising number of asylum seekers and irregular migrants reaching the shores of Greece and other Mediterranean countries are important. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Lagarde says still much work to do in Greek debt talks
2. European shares edge lower as Greek deal optimism fades
3. G-7 weighs in on Greece as Tsipras government told to be serious
4. ECBs Nowotny says no to loosening funding for Greece now
5. Panathinaikos conquers PAOK through Tavlaridis goal
6. New measure to benefit tax dodgers
more news
Today
This Week
1. Endless confusion and worry
2. ECB's Nowotny says no to loosening funding for Greece now
3. G-7 weighs in on Greece as Tsipras government told to be serious
4. Following up on a positive step
5. European shares edge lower as Greek deal optimism fades
6. Lagarde says still much work to do in Greek debt talks
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a Greek default clause
3. Neither Grexit nor a dual currency will solve Greeces problems
4. No more 'quick and dirty' fixes for Greece
5. Some 300 mln left banks on Tuesday
6. Merkel said to plan address for Greece if deal reached
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.