Greece to postpone bank stress tests on domestic banks
21 September 2010
The Bank of Greece says it will postpone stress tests due this fall, arguing they would come too soon after the Europe-wide checks whose results were published in July.
A statement from the central bank Monday says the decision is not related to expected Greek bank mergers in the upcoming months. It says the tests will be held "later in the year."
Crisis-hit Greece is obliged to carry out regular bank health checks under the terms of its euro110 billion ($144 billion) rescue loan agreement with the European Union and International Monetary Fund.
