Greek senior officials Wednesday discussed enhancing liquidity in the country's economy, a day after the spread of Greek bonds soared to over 400 points.
During the meeting, Greek Finance Minister George Papaconstantinou and Bank of Greece Governor Giannis Provopoulos agreed bring forward a vote on a bill for the liberalization of services in order to reactivate a plan to enhance liquidity in the Greek economy.
Last week, four Greek banks formally asked the Ministry of Finance and the Bank of Greece for a state guarantee to raise funds from the European Central Bank.
The request will be tabled for discussion at the European Commission. If it is approved, as is anticipated, Papaconstantinou will issue a decree.
Last week, Moody's credit rating agency downgraded the credit ratings of five major Greek banks with a negative outlook.
The Ministry of Finance has already taken measures to allow Greek banks to gain further access to the state aid package to boost their liquidity.
The Greek government has approved a plan worth up to 28 billion euros (37.508 billion U.S. dollars) for the support of Greek banks. Until last December, Greek banks had received almost 11.3 billion euros (15.137 billion dollars)./.