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NBS: Amount of Greek Bonds Bought by Slovak Banks Rose in 1Q10
Monday 14 June 2010 Zoom in | Print page
Bratislava, June 14 (TASR) - The amount of Greek bonds bought by certain Slovak banks rose considerably in the first quarter of 2010, with their value reaching about 1.1 percent of the assets of the banking sector at the end of March, reads an analysis released by the Slovak central bank (NBS).
NBS points out that Greece's state bonds were exposed to their biggest drop in value in April and May, and that they were only stabilised after various saving mechanisms were introduced by the European Union and the International Monetary Fund. "Their value still remains at relatively low levels, while the financial markets view the risk factor involved with these tools as significant," stated NBS.
"From the medium- and long-term perspective, it will be important for the stability of financial markets for governments to carry out the planned austerity measures," added NBS.
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