The Chair of the Single Supervisory Mechanism (SSM) of the European Central Bank (ECB) Daniéle Nouy precluded any chance of new recapitalization of Greek banks, arguing that they are sufficiently capitalized. In an interview broadcasted by SKAI channel, Mrs. Nouy claimed that reducing “red loans” should be the main priority of bank administrations.
“Indeed 2016 had brought good news on many fronts. The first two months of 2017 have been a little bit disappointing, as if there was a pause in the progress. […] So maybe it’s a temporary phenomenon […] and the situation will become more normal in the coming months. I think it’s a bit early to draw conclusions on that”, she said regarding January’s leaks from the Greek banks. When asked about the timeline for lifting capital controls, Mrs. Nouy replied, “It’s not exactly for me to say that. Well, hopefully not too long, because again it’s all about confidence”.
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