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Greek bank stress tests results "pleasing": German fin ministry
[BERLIN] Germany is pleased that the capital hole of Greek banks is smaller than the 25 billion euros (S$39 billion) earmarked to help them in the country's bailout programme, a Finance Ministry spokesman said on Monday.
"It is pleasing (...) that the capital requirement does not go beyond the 25 billion euros agreed," the spokesman told a regular government news conference.
He added that the German government must nevertheless now examine the plans of Greek banks and see how the European Central Bank reacts to them.