Greek News Economy Central Banker: Greek Deposits are Totally Safe

Central Banker: Greek Deposits are Totally Safe

stournaras-tsiprasThe Greek banking system and deposits are fully secured, Bank of Greece (BoG) governor Yannis Stournaras on Friday said after a meeting with Prime Minister Alexis Tsipras.
Stournaras added that the prime minister and the economic staff assured him they are working hard for the successful outcome of the Eurogroup on Monday.
Government Vice President Yiannis Dragasakis and Finance Minister Yanis Varoufakis also participated in the meeting.
The ECB‘s board decided on Thursday in Nicosia to increase the limit of the cash lent to Greek banks through the Bank of Greece’s emergency liquidity assistance (ELA) mechanism by 500 million euros. However Draghi made it clear that the ECB is not yet ready to consent to a rise in the ceiling of the funds that banks invest in Greek treasury bills or to accept Greek state bonds as collateral for cash.

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