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‘Risk of Grexit is now behind us’ – ECB Noyer
FXStreet (Mumbai) – European Central Bank (ECB) governing council member Christian Noyer is now crossing the wires noting that risk of Greek contagion for European banks is now ‘next to zero’ while adding that ‘risk of Grexit is now behind us’.
Earlier today, Noyer said in an interview with a daily reported by Reuters that he wants to see an urgent initial injection of capital for Greek banks before the autumn tests that the ECB plans on what their exact needs are.
Noyer also said he was against the idea of asking the Greek banks’ major clients to contribute to the recapitalization – as was the case with the Cyprus banks bailout in 2013.
“My position is widely held on the council of governors,” he said, adding that clarification on that subject “would favour the return of confidence and bring back a large part of the 90 billion euros (64 billion pounds) that have left Greece since 2010”.
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‘Risk of Grexit is now behind us’ – ECB Noyer
Source: FXStreet
