Tuesday, March 29, 2011

Banks asked to detail how they'll utilise liquidity support

Finance Minister Yiorgos Papakonstantinou, in letters addressed to the managements of local banks that have participated in a programmme to boost liquidity, requested a detailed presentation on the manner in which the support will be utilised. 
 
According to an announcement by the ministry, Papakonstantinou briefed the banks' managers that a draft bill will be tabled in Parliament immediately to extend a "support pylon" in the form of guarantees, amounting to an additional 30 billion euros. 





source: ANA