FinMin calls on banks to detail how they'll utilise liquidity support

Finance Minister George Papaconstantinou, in letters addressed to the managements of local banks that have participated in a programmme to boost liquidity, requested a detailed presentation on the manner in which the support will be utilised.

According to an announcement by the ministry, Papacon-stantinou briefed the bank's managers that with a draft bill to be tabled in Parliament immediately to extend a "support pylon" in the form of guarantees, amounting to an additional 30 billion euros.

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