Debt Crisis – Greeks lift one day a billion euros from – Süddeutsche.de

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• Greece Banks obviously need considerably more money than they thought on Wednesday. On Thursday alone to have been lifted over a billion euros.
• The ECB therefore plans yet on Friday a crisis telephone circuit. Topic to be new emergency loans for Greek banks.
• Insiders report that within the ECB increases the concern that the Greek banks are no longer able to open next week.
• EU Commission chief Jean Claude Juncker includes a Grexit no longer sufficient. He was disappointed by Premier Tsipras, Juncker said.

individuals and companies evacuate their accounts

With the approaching danger of bankruptcy increasingly Greek savers raise their money from the domestic banks. Three high-ranking Bank officials said the news agency Reuters , but on Thursday had customer deposits totaling more than one billion euros have been lifted.

This means that the pace has accelerated further. From Monday to Wednesday a total of two billion euros had been withdrawn According to insiders. The already flowed only during the current week customer funds amount to about 2.2 percent of Greek banks by the end of April held deposits of individuals and companies.

“There are no queues or panic, there is a quiet and gradually phase of withdrawals, “said one of the bankers. This was linked to the worry about whether it will come to an agreement of the government in Athens with creditors.

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Even greater need for money

Greek Central Bank had According to central bank circles previously filed another request for more emergency assistance (ELA). For this reason, a crisis telephone conference of the European Central Bank (ECB) is scheduled on Friday. Background is probably the fact that the money much faster from the Landesbanken flows expected as yet on Wednesday.

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The ECB had approved additional ELA aids until Wednesday Greek Central Bank. According to central bank circles, the Governing Council will meet the renewed demand on Friday afternoon so that Greece comes to Monday ends meet. On Monday, the heads of state and government of the euro countries come to a special meeting together.

The ELA aid to Greece

Greek banks can only therefore pay cash because the ECB’s monetary provides. The limit for these emergency loans increased, the ECB regularly. Only on Wednesday, the upper limit of 1.1 billion euros was raised to 84.1 billion euros. The loans go only to the Greek central bank which then forwards it to the individual banks.

pessimism when Commission President

European Commission President Jean-Claude Juncker does not include failure of debt talks with Greece more from. It is not possible to prevent this from happening to “definitely”, he told the Mirror . From working with Greek Prime Minister Juncker Tsipras is increasingly frustrated. “I do not understand Tsipras,” he told the magazine. “The confidence that I have placed in him, has not always reciprocated equal.”

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Euro Group: No agreement with Greece

The euro zone finance ministers in Luxembourg discussed about Greece’s debt crisis. Before the meeting of the Euro Group in Luxembourg, German Finance Minister Schäuble commented yet optimistic.

(Video: Reuters )

optimism in Athens

The Athens government is in debt dispute for a breakthrough at the last minute. All hope is on the Special Summit of the euro zone on Monday in Luxembourg. Athens had negotiations “at the highest political level in Europe” desired, it said in a statement by Prime Minister Alexis Tsipras. “We are now working to ensure that this summit is a success.” Those who “to a crisis and a scenario of fear” translated, a lesson would be taught.

Before the emergency summit on Monday will again Euro zone finance ministers meet. Ministers of 19 countries of the monetary union would meet in the afternoon (15 clock), a spokesman of Euro group chief Jeroen Dijsselbloem. The meetings serve to prepare the meeting of Heads of State and Government that starts at 19 clock.

Background of the debt dispute

Greece and donors negotiate for months about the conditions for disbursement outstanding emergency loans. An agreement is not in sight. However, the time is short, because the current aid program expires on 30 June. Then Athens has to repay 1.6 billion euros to the International Monetary Fund. Without new aid money Greece facing bankruptcy and possibly quitting the euro zone.