Information leaked to the German media claims that M.Draghi wishes to disconnect the recapitalization of the Greek banks from the evaluation of Greece΄s progress in passing and implementing the measures imposed from the bailout deal.
According to Capital.gr who spoke to a member of the ECB board this is not only Mr.Draghi's position but: “the actual position of the ECB, the SSM and the Commission”.
The recapitalization of the Greek banks had been initially scheduled for November 15 regardless of the evaluation process. The connection of those two had been decided as an afterthought in the Eurogroup as a way to put pressure in the Greek government for the swift legislation and implication of reforms.
According to information from the German media, the ECB is willing to recapitalize the banks if Greece agrees to reforms in its Banking system, the creation of a fund for the rescue of the banks and changes in the manner in which the banks are managed.