Berlin pleased Greek banks’ capital hole not bigger


Germany is pleased that the capital hole of Greek banks is smaller than the 25 billion euros earmarked to help them in the country’s bailout program, a Finance Ministry spokesman said on Monday.

“It is pleasing… that the capital requirement does not go beyond the 25 billion euros agreed,” the spokesman told a regular government news conference.

He added that the German government must nevertheless now examine the plans of Greek banks and see how the European Central Bank reacts to them.