Prime Minister Lucas Papademos, told reporters late Thursday that Greece's cabinet will immediately make decisions on how to boost the capital position of lenders and that the plan will be implemented by the start of September. In March, Greece completed much of a planned EUR206 billion debt restructuring aimed at cutting the stock of debt it owes private creditors in half, thereby lowering the country's projected ratio of debt to gross domestic product to a more sustainable 120.5% by 2020, down from about 165% currently. The debt write-down is part and parcel of a new EUR130 billion bailout for Greece agreed to by its European partners and the International Monetary Fund last month. But the debt write-down has also left huge holes in the balance sheets of Greek banks, which now need an estimated EUR32 billion or more to recapitalize and must seek state support to do so. A separate, independent audit of Greece's banking system completed late last year, but not yet made public, showed that banks also face huge write-downs for rising non-performing loans and will have to set aside further provisions--or ask for more official help--to cover those losses too.