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ATHENS — The ratings agency Fitch says political uncertainty ahead of the Jan. 25 national election in Greece could further test the country’s banks but described the strain as “manageable.”

The agency said it expected a 2 percent drop in Greek deposits due to the Jan. 25 election, compared to a drop of more than 9 percent when two consecutive elections were held in 2012 and the country faced an exit from the Eurozone.

Weekend opinion polls showed conservative Prime Minister Antonis Samaras’ New Democracy party trailing the anti-bailout SYRIZA party in voter support and that a coalition government is likely to emerge from theSunday’s vote.

Greece’s four major banks are seeking emergency liquidity assistance just in case, which requires approval by the European Central Bank.

The post Fitch’s Says Greek Banks Can Cope appeared first on The National Herald.

Source: The National Herald
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