|
|
Article: Better in than out.(Brief Article)
- Article from:
- The Banker
- Article date:
- November 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Kerin Hope reports on how Greece's banking sector is preparing for entry into the euro-zone
Greece's banks are better prepared than other sectors in the country for the competitive challenge of the euro-zone. But a new-found enthusiasm for strategic alliances with banks elsewhere in the European Union points to an underlying sense of insecurity.
Greece is poised to become the single currency's twelfth member on January 1, 2001. The budget deficit and inflation rate are already comfortably within the Maastricht requirements for adopting the euro. Short-term interest rates are approaching euro-zone levels, although cuts of up to 3 percentage points have ...