ECONOMY

IMF wants Greek banks to keep management private, report says

The International Monetary Fund has urged Greece to ensure that the country?s banks remain privately managed even if they need state recapitalization through the Hellenic Financial Stability Fund, Imerisia reported, citing an IMF report.

Greek banks should try to meet fresh capital requirements arising from writedowns of Greek sovereign debt through the private sector where possible, the IMF said in the report on Greece, according to the Athens-based newspaper. [Bloomberg]