UK
banks are ready for Greek exit, says Bank of England adviser.
Britain's
banks are preparing for a possible Greek exit from the Euro zone.
Michael Chohrs, a member of a Bank of England regulatory body says in
his first interview "British
banks are ready for Greece, their
liquidity is strong and they have enough capital to withstand shocks
from Greece”
He says it is advisable for the banks to keep building up more
capital, but that is only because of the current uncertainty in the
Euro zone.
My
reaction
I
feel it is sad but necessary to prepare for a possible Greek exit. It
is nice to know that the Banks of England feel that they are prepared
to deal with it without going under together with the Greeks. I hope
the Dutch banks are similarly preparing for that event and that we as
taxpayers don't suffer to much because of it. I hope the Greek will
come to their senses and elect a government that will uphold the
budget cuts instead of one that will disregard them. We'll see on the
17th of June.
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