Latest tests conducted by the ECB now published
- Greek banks have a capital shortfall of €14.4bln if the country's economy deteriorates further than expected
- even if the economy performs as forecast the shortfall would still be €4.4bln
- Greek banks must submit capital plans by 6 Nov explaining how they will cover the shortfall
The ECB have carried out checks on the financial strength of the country's four main banks, National Bank of Greece, Piraeus, Alpha Bank and Eurobank
The assessment looked at how many loans would go unpaid if the country's economy performs as expected up until 2017, the so-called "baseline". The tests also simulated a "stress" scenario where the economy dips further
Greek PM Tsipras still with a mountain to climb
