Troika warns Greek capital buffers may be insufficient

EC, ECB and IMF caution against ‘upside risks' if high rate of NPLs is not addressed ‘urgently'


Greek banks' capital buffers may still be insufficient, the European Commission (EC), the European Central Bank (ECB), and the International Monetary Fund (IMF), known as the 'troika' said yesterday following a review mission to the country.

A joint statement warned there were "upside risks to the capital needs estimates" if the banking sector's high level of non-performing loans was not "urgently" addressed, arguing "swift" recapitalisation of banks would strengthen balance sheets.

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