October 5, 2018 2:15 pm

Banking crisis in Greece

Stock prices of the country’s top four banks fell more than 20 per cent on Wednesday. Greek Prime Minister Alexis Tsipras now wants to save the banks. Bad loans in the balance sheets of the Greek banks amount to just under 90 billion euros – equivalent to almost half of the banks’ overall loan book. No wonder that investors are getting more and more nervous. The Greek government has now decided on an “asset protection plan” as part of an emergency meeting. Reuters

This post was written by Jens Secker

(Image rights: istockphoto.com/tanukiphoto)