Greek Central Banker Defends Stress Test Results

wochit business
March 22, 2014 AT 12:25 PM
The head of Greece's central bank said on Saturday that an "unduly conservative" approach in stress tests on Greece's major banks would have scared off investors. In an interview, George Provopoulos was quoted as saying: "If were unduly conservative and imposed an overcapitalization of the banks, we would run two serious risks. First, we would shake the trust of depositors, who would say, rightly, that for the banks to need a new big capital boost, they must be weak.