Troika warns Greek capital buffers may be insufficient

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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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