Looking at the structure of Greece’s banking sector, the question is whether it is possible to consolidate the country’s banks without seriously distorting the competitive environment. This is a question that needs to be answered without delay. To sum up – time is of the essence, especially so for Greece’s banks.
Everyone should be aware that Monday’s basic agreement marks the start of the real work. Now it is up to all the parties concerned to do their jobs to make sure that five months of negotiations weren’t in vain – and the focal point here, for me, is the Greek banking sector.