Sunday, June 21, 2015

Bank of Greece warned bankers of ‘difficult’ day if no debt deal - from TRUNEWS

The head of the Bank of Greece warned bankers last week to brace for a “difficult day” on Tuesday if the Athens government does not reach a deal with creditors at an emergency euro zone summit on Monday, two senior bankers told Reuters.

Bank of Greece Governor Yannis Stournaras called a special meeting with top bankers on Friday to discuss the mounting crisis in the banking sector after a flood of withdrawals that passed a billion euros a day toward the end of the week.

They said Stournaras did not talk about capital controls being imposed on Greek banks, which rely on European Central Bank support to keep operating, but he made it clear that the situation would be serious.

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