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IMF’s wrong forecasts increased Greece’s funding needs

The International Monetary Fund (IMF) has made serious mistakes in the first memorandum, noted the chairman of Attica Bank and Greece’s former representative to IMF Panagiotis Roumeliotis speaking to Athens Macedonian News Agency. “The wrong forecasts increased Greece’s funding needs” he said while referring to the second review he estimated …

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BoG on recapitalization: Greek banks will need capital up to 6.4 bln euros

Greek banks will need additional capital of 6.382 billion euro, Bank of Greece said on Thursday.  specifically, Eurobank will need €2.845 billion, National Bank of Greece €2.183 billion, Piraeus Bank €425 million, Alpha Bank €262 million, Attica Bank €397 million and €Panellinia Bank 169 million. “The additional capital requirements of …

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