Por­tuguese len­ders have small Greek bond hold­ings

Kathimerini English - - Business -

Por­tuguese banks have very small hold­ings of Greek gov­ern­ment bonds, re­duc­ing the risk to them, Prime Min­is­ter Pe­dro Pas­sos Coelho said. “With the in­for­ma­tion that we have avail­able to­day, there is very lit­tle ex­po­sure of Por­tuguese banks to Greek debt,” Pas­sos Coelho told re­porters af­ter a Euro­pean Union sum­mit in Brus­sels yes­ter­day. “So surely that will not be a big prob­lem in our fi­nan­cial sys­tem.” Ger­many, France and the Nether­lands have started talks with banks and in­sur­ers on get­ting pri­vate in­vestors to take part in a Greek res­cue.

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