Greece's Eurobank chairman in an interview with Rtrs
- Greek banks' recap must not dilute existing shareholdings from Day 1 or it could endanger efforts to regain investor confidence
- restored trust in Greek banks can bring back €35bln of deposits over next 18 months
"It's very important to restore trust but existing shareholders must not be wiped out. This would significantly narrow the group of investors willing to participate in the capital boost."
The capital needs of Greece's top 4 banks, of which Eurobank is one, are being assessed in a health check by the ECB to be completed by end-Oct
Should create some kind of euro demand. All depends where it's gone in the meantime