ECB out on Rtrs stating the obvious
Meanwhile Rtrs also reporting banking sources as saying that Greek banks will plug any capital shortfalls shown in ECB's asset reviews and stress tests by tapping pvt investors
- Greek banks to offer new shares without pre-emptive rights for current shareholders inc HFSF in recapitalisations
- Greek bailout funds HFSF can over any extra bank capital shortfall under adverse scenario in ECB stress tests
- Greek banks to issue convertible bonds, new shares to HFSF to plug any capital gap found in ECB's adverse scenario
Meanwhile EURUSD is 1.1313 still trading tightly ahead of ECB after earlier equity market-led rally and retreat
EURGBP still making tracks higher at 0.7328 after the UK retails-led dip to 0.7295
