ECONOMY

Venizelos welcomes Alpha, Eurobank merger

Greek Finance Minister Evangelos Venizelos welcomed on Monday a merger deal between the country’s second and third largest lenders, saying it will benefit the debt-laden economy.

“This initiative shows that today’s crisis can be an opportunity for structural moves that boost both the financial sector and the real economy,» the minister said in a statement. «Qatar’s participation sends an international message of confidence in the prospects of the Greek economy.”

Alpha Bank and EFG Eurobank announced earlier on Monday a merger deal to create the country’s largest lender.

[Reuters]