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Greek Financial Stability Fund president in charge of banks' recapitalization steps down

English.news.cn   2013-03-16 08:30:31            

ATHENS, March 15 (Xinhua) -- The head of Greece's Financial Stability Fund which supervises the recapitalization process of the country's ailing banking system is stepping down from the post for "personal reasons", Greek media reported on Friday.

Dutch economist Paul Koster was appointed to the post in January in a counseling role with the approval of Greece's international creditors who support the recapitalization of Greek banks with some 50 billion euros (65.3 billion U.S. dollars) under bailout deals struck since 2010.

Greek media commentators expressed concern over the potential impact of his resignation to the process, which is of key significance in overall efforts to address the Greek debt crisis.

Editor: Hou Qiang
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