Abstract
This paper aims to shed light on the venture of the recapitalization of the Greek “systemic” banks in the time period following the major global financial crisis in 2008. The principal target is to present an objective representation of the situation that occurred in the Greek banking system, to describe the measures engaged and their implications and also to critically discuss what the future holds. The empirical analysis reveals the intensity of the impact of the financial crisis on the Greek banks, as the majority of them were led to an increase in share capital or bond issues in order to address the lack of capital adequacy and liquidity. Conclusively, the present study highlights the recapitalization procedure of the Greek Banking System and the formation of the new banking map and also sets a number of serious questions thus, laying the ground for a fruitful dialogue among the various stakeholders.
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