Source: Reuters (via feed)
Greek banks have a limited ability to finance growth, according to economists at the European Central Bank (ECB). The ECB economists discussed this in a blog published on Saturday. They observed that Greece has experienced a remarkable recovery from its economic crisis of a decade ago. Despite this recovery, a significant portion of the country’s private debt lies outside the banking system.
BizTrendWire Insight:
ECB economists identify constraints on Greek banks’ financing capacity. This is a key fact about the structure of Greece’s financial system.
ECB economists identify constraints on Greek banks’ financing capacity. This is a key fact about the structure of Greece’s financial system.