Following the announcement of the results of ECB’s banking stress tests on four systemic banks of Greece, President of the Hellenic Federation of Enterprises (SEV) Theodore Fessas stated that this development “concludes positively a critical phase, which relates to the financial health of our banking system.”

The President of SEV noted that Greek banks can now leave behind them the scary repercussions of the crisis and follow a steady consolidation course, so as to play a substantial role in the financing of the real economy.”

However, Mr. Fessas set four conditions for financial liquidity to be improved in the Greek market:

– The reduction of loan interest rates for the healthy and sustainable businesses.
– The effective management of non-performing loans
– The reassessment of the official economy-financing programs
– The improvement of the Athens Exchange through a series of measures