Greece may extend recapitalization deadline

In Greece, may extend the deadline for the recapitalization of banks by one month, until the end of May. This was announced by the head of the Central Bank of Greece George Provopulos, RBC reports.

If the extension is not agreed upon the deadline for credit institutions will come at the end of April.

The head of the Greek Central Bank confirmed that in 2013 the country's economy will decrease 4.5% and the crisis in Cyprus will lead to a further reduction in GDP. However, next year, according to forecasts by the International Monetary Fund and the Greek government it will grow by 0.6%.