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Athens Macedonian News Agency: News in English, 16-03-20

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] President Pavlopoulos: The refugee crisis proves the center of EU is the human being
  • [02] NBG head Katselli rules out deposits haircut and banks recapitalization
  • [03] Representatives of institutions to leave Athens on Sunday; return after March 27

  • [01] President Pavlopoulos: The refugee crisis proves the center of EU is the human being

    "The strident refugee crisis proves that the center of the European Union is not the currency, but the human being," President Prokopis Pavlopoulos said during his address to the President and members of the Permanent Synod of the Church of Greece on Sunday.

    "On this basis it will ultimately be determined whether the European Union will continue to exist or it will dissolve," he underlined.

    Referring to the role of the Church in the Greek society and especially in the current difficult times, the President underlined that in our country, it is the Church that has prevented the rupture of social tissue and our society.

    [02] NBG head Katselli rules out deposits haircut and banks recapitalization

    Hellenic Bank Association president and National Bank's chief Luca Katselli on Sunday in an interview with Kathimerini newspaper ruled out the possibility of a deposits haircut and a new banks recapitalization.

    "Greek systemic banks just came out from a successful recapitalization process ... and offer a very strong capital base," she reassured.

    On non-performing loans, she said that this is a priority for the Greek banking system and important initiatives are being taken towards that direction.

    Katselli estimated that capital controls can be lifted in 2016 provided that all conditions are met and added: "The restoration of confidence in the banking system takes time. The successful recapitalization is a first important step. Political and financial stability are also needed as well as a signal that the economy returns to normality and is financed like other European countries, through the usual ECB liquidity channels. These conditions can be met within the next few months."

    [03] Representatives of institutions to leave Athens on Sunday; return after March 27

    Greece's economic staff had a meeting with the representatives of the institutions earlier on Sunday. Finance Minister Euclid Tsakalotos and Labour Minister George Katrougalos participated in the meeting.

    According to a government official, the representatives of the institutions are expected to leave Athens in the afternoon and come back after the Catholic Easter (March 27.)


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