Bank Shares Crash

The truth is that Greek banks are in a much better position than they were two years ago. They have improved their position. Their liquidity is better, and they are earnestly trying to reduce the burden of NPLs.

The problems of the banking sector cannot be handled by waging a continual war with the Bank of Greece, the country’s central bank, and its governor, Yannis Stournaras.

The situation was aggravated when the government showed in every way possible that it is more motivated by its electoral pursuits and political aims than by anything else.