Greek banks must find extra €14bn to survive dire economic downturn

European Central Bank audit identifies capital shortfall in worst-case scenario

Greece's four main banks need to find another a14bn (10bn) of reserves to ensure they could withstand an economic downturn, the European Central Bank said on Saturday.

The four banks - Alpha Bank, Eurobank, NBG and Piraeus Bank - have until 6 November to say how they intend to make up that shortfall, the ECB said.

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