ECB's Coeure says Greek banks must be fixed this year: newspaper

FRANKFURT (Reuters) - The recapitalization of Greek banks should be completed this year, a top European Central Bank official said on Wednesday.

"The health check by the ECB of the large Greek banks is another step forward, and bank recapitalization should be completed by the end of the year," Benoit Coeure, a member of the ECB's Executive Board, told newspaper El Financiero.

"The situation in the euro area is considerably more robust than it was a couple of years ago," he said.

(Reporting By John O'Donnell; editing by John Stonestreet)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Lululemon cuts annual revenue, profit forecast
• US convenience stores say looming healthy food rule puts food stamps use at risk
• New York Fashion Week leans into American legacy brand revival