Greece and Germany on Friday agreed to set up a working group to prepare a survey on the institutional framework for the development of a system of regional banks in Greece based on the German Sparkassen model, aNA reports.
The deal was reached during a meeting between Economy and Development Minister Yiannis Dragasakis with the CEO of Sparkassenstiftung fur Internationale Kooperation Niclaus Bergmann.
The head of Sparkassen expressed his satisfaction over the completion of the adjustment programme, the country’s entry into a growth course and the stabilization of systemic banks. He presented the German experience that has played a positive role in dealing with crises and supporting regional growth, while he noted that German Sparkassen were not interested in expanding in Greece but they were ready to offer expertise and know-how to the Greek side.
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