The share price of Greece’s principal banks made some recovery yesterday after a three-day, sell-off which saw them lose nearly two thirds of their combined market value.

The index of banking stocks rose by nearly 18 percent yesterday, the fourth day of trading after the re-opening of the Greek Stock Exchange following a near five-week closure due to the country's financial crisis.

The main banks in Greece will require up to €25bn in new capital from the overall bailout deal, currently being negotiated, due to a massive flight of deposits over recent months.

Meanwhile, interestingly, there has been increased interest from Greek companies seeking to locate in Ireland according to Company Formations Intl, which helps clients set up new companies

They’ve received eight inquiries over the past month from Greek firms wishing to set up here, principally in the digital and internet fields, up from an average of about one inquiry per year.