Further to my post yesterday which reported ECB tests showing a potential shortfall of €14.4bln
- Greek banks may not need more than €10bln
- private capital may keep aid needs below €10bln
- Greece rescue fully prepared for bank capital needs
- Greece can quickly tap €10bln set aside for bank needs
- second tranche of €15bln available if needed
- Greek capital shortfall is within bailout buffer
- bank review shows Greek rescue won't use all €86bln
European Stability Mechanism quick to re-assure after the ECB report
Main thoughts immediately though will be on Draghi's comments which I posted yesterday