Greek banks' exposure to Greek securities is not very high -ECB

April 16, 2015 2:18 PM

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WASHINGTON, April 16 (Reuters) - The exposure of Greek banks to Greek government securities is now much smaller than the banking sectors of other countries that had to get an international bailout to their sovereign, European Central Bank Vice President Vitor Constancio said.

Constancio said only around 3 percent of Greek banks' total assets was in Greek government securities, thanks to a restructuring of Greek privately-held debt in 2012 which was called Private Sector Involvement, or PSI.

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