”The problem of the Greek debt is not threatening the banks of Australia”, stated Assistant Governor of Reserve Bank of Australia Guy Debelle. He claims that the country’s reserves in the local market are able to overcome the liquidity problem due to the situation in Greece.
Representatives of major Australian banks agreed that they have not gone through serious problems because of the Greek debt until now, they still felt that, “The situation was fluid and that anything could change.”
National Australian Bank’s Chief Executive Officer, Cameron Clyne, argued that although the Greek economy is not important on a global level, what causes concern is the impact that a possible Greece’s bankruptcy could have on the eurozone.
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