Now We 'Know' Greek Banks Are Really In Trouble

ZeroHedge

“When it gets serious, you have to lie,” were the infamous words of one J-C Juncker and today – following the 40-50% collapse in Greek Bank equity capital this week,ECB’s Bank Supervision boss Nouy has come out to calm everything down:

• *NOUY SAYS GREEK BANKS ARE ‘PRETTY STRONG’,  HAVE STRENGTHENED THEIR BALANCE SHEETS
• *ECB’S NOUY SAYS GREEK BANKS WILL SURVIVE CURRENT CRISIS

Which, translated for the elites means, “sell-sell-sell.” And then – just to add even more pressure, S&P puts Greece on Watch Negative.

• *S&P SAYS GREECE ‘B/B’ RATINGS MAY BE CUT ON POLICY UNCERTAINTY

Greek bank stocks down 40-50% this week

The Greek banks were already in trouble anyway…

European Central Bank Supervisory Board Chair Daniele Nouy says in interview with Bloomberg Television that:

Read more at ZH:

http://www.zerohedge.com/news/2015-01-28/now-we-know-greek-banks-are-really-trouble