Bloomberg News

German Vote May Lead to Support for Greek Banks, Moody’s Says

October 02, 2011

Oct. 3 (Bloomberg) -- A German vote approving the expansion of the European Financial Stability Facility may lead to greater support for the Greek banking system, Moody’s Investors Service said in a report.

As part of a likely government debt-restructuring program, European authorities will probably recapitalize the banking system to support the Greek economy, Moody’s said in its Weekly Credit Outlook.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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