Nevertheless, the indicator remains more than one percentage point higher than was observed when the pandemic broke out; for the significant banks, it is essentially in line with the average for the other intermediaries directly supervised by the ECB. The liquidity indicators also stand at levels well above the regulatory minimums.
Nevertheless, in order to fully resolve uncertainty over the medium term prospects of the economy the Greek authorities alongside with our European partners should clarify both t h e type of post-programme surveillance and whether any post-programme support arrangement would be available after the completion of this programme in August 2018.