I do not know what the outcome of the BlackRock exercise will be and the results will be known by the end of the year. There is a buffer in the Bank Stabilization Fund and if a need arises, this is an assurance to financial stability and depositors. You are right that credit provision to the real economy is a concern.
In my view, it will help if the work on the Non Perfoming Loans (NPLs) is accelerated. They are slightly below 30% and if banks have such high NPLs it is difficult to start new lending”. A clash is looming in autumn between the Europeans on one side and the IMF on the other, mostly because of the Greek debt sustainability issue.