Recapitalization

Greek Finance Minister Euclid Tsakalotos met with Bank of Greece (BoG) Governor Yannis Stournaras at the Finance Ministry Friday. The two men discussed the pressing issue of the timetable for the recapitalization of Greek banks, a matter which is at the heart of negotiations with the institutions currently in Athens.

Interim Finance Minister Rumen Porozhanov has announced his institution is to meet representatives of Vienna-based fund EPIC in the coming days.

After a cabinet session Porozhanov explained his ministry sought to get familiar with prospective intentions to rescue troubled Corporate Commercial Bank (Corpbank or KTB).