The equities of the capital increase as part of the second round of recapitalisation worth of € billion and covered only by private investors, have been diluted by 88%, but also equities of the Hellenic Financial Stability Fund (HFSF) have been diluted.
A monetary union is more than a technical federation for the management of the single currency. A monetary union must be based on a joint political commitment on the part of the countries participating in it. This inevitably raises the question as to the outlook beyond monetary union and, in particular, as to the finality of the integration process.