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Greek authority watches banking sector as consolidation reaches ‘limit’

By Lewis Crofts ( April 11, 2014, 11:47 GMT | Insight) -- Greece’s competition enforcers will remain vigilant that the country’s last four big banks will compete vigorously after a period of consolidation that “may have reached the limit” in antitrust terms. The vice-chairman of the national watchdog also said he would make sure the domestic banks didn’t “inadvertently facilitate collusion” among companies in the same sector undergoing restructuring.Greece’s competition enforcers will remain vigilant that the country’s last four big banks will compete vigorously after a period of consolidation that “may have reached the limit” in antitrust terms....

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