Although capital controls were only meant to restrict citizens’ financial movements for a week, last night Greek Prime Minister Alexis Tsipras hinted that the banks could remain shut for another month. “The reopening of banks depends on the sanctioning of the deal, which will take place in a month,” said Tsipras in an interview with the public Greek television channel ERT.
Moreover, he added that the government still hopes the ECB will raise the emergency liquidity assistance for Greek banks after it announced that it would keep the facility frozen at €89 billion this week.
Bundesbank’s Dombret: Need ‘bail-in’ for Greek banks as soon as possible
Bail-in rules should be introduced for Greek banks as soon as possible, a senior official at Germany’s Bundesbank said on Wednesday.
“In my view, this instrument (bail-in) should be available as quickly as possible and not just from the mandatory introductory date of January 1 2016,” Andreas Dombret, an executive board member at Germany’s central bank, said in a speech in Munich.
(source: economic times)
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