"Greek banks' recapitalization success justifies gov't strategy"
A decision by foreign and domestic private investors to invest in Greek banks was a vote of confidence both for the banking sector and the Greek economy and these extremely positive developments in the sector justified the government's strategy, Greek Finance Minister Yannis Stournaras said on Wednesday.
In a report to Parliament, responding to a question by DIMAR deputy Asimina Xirotiri-Aekaterinari over bank recapitalization and support of economic activity, the Greek minister said that the government was constantly working to set and implement the best possible -and EU compatible- institutional framework for the recapitalization of Greek credit institutions, "based on safeguarding public interests and aimed at ensuring the credibility and stability of banking system so that this could contribute more efficiently to economic growth in the country" according to ANA-MPA
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