Greek banks: tourists can continue indefinitely withdraw money – THE WORLD

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Tourists can continue indefinitely withdraw money

The Greek central bank introduces capital controls, also remain, according to Government banks closed one day. Tourists should be but will not be affected. More Ticker.

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 The Greek central bank introduces capital controls, also according to the government, banks stay one day closed. Tourists should be but will not be affected. More Ticker.

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Given its dramatic budgetary situation imposed Greece capital controls. The Prime Minister announced Alexis Tsipras on Sunday evening in Athens. The Greek banks remain closed for the time being. At the same time assured the head of government, the savings, wages and pensions of citizens were “guaranteed”. He called on the population “to remain calm”. Tsipras reiterated its call on the donors to extend the expired on Tuesday utility for his country.

After the European Central Bank have (ECB) frozen the emergency loans for Greece , the Greek central bank has the “activation of a series of measures” applied, including the closure of banks and a limitation of withdrawals, Tspiras declared in a televised speech. Before the Greek banks on weekends long queues had formed, in many places, the machines were empty. The Foreign Office advised German citizens to obtain supplies for a trip to Greece with enough cash.

The Greek prime minister said in his televised address that he had the President of the asked Council of Europe, the government of the euro zone, the ECB President and the President of the European Commission and the European Parliament to extend the end of the month expiring aid program for Athens. “I await your prompt response to this grassroots Please” Tipras said.

With capital controls a massive run on the banks is to prevent the Greek banking sector could bring to the collapse. The country controls currently on the national bankruptcy. Tsipras announced a referendum on the proposals of the sponsors for the coming Sunday surprisingly in the early hours of Saturday. The euro zone finance ministers reproached him then to have unilaterally terminated the negotiations, and decided not to extend the expired on Tuesday utility for Athens. Without fresh money Greece threatened within a few days of bankruptcy.

The ECB said on Sunday after a meeting in Frankfurt, the emergency loans for Greece would in the prior maintained. The emergency loans, known as ELA program, the ECB for some time ensures that the Greek banks remain solvent. In recent weeks, the ECB has repeatedly increased the relief for Greek banks in order to avoid a bottleneck.

In Berlin the escalation sparked the debt dispute alert out. Chancellor Angela Merkel (CDU), the party and faction leaders of the parliamentary parties for Monday for a meeting at the Chancellery. Representatives of the coalition parties have made their anger at the Greek government made no secret. Left and Green demanded intervention Merkel.

In the evening Merkel speaks according to reports from Washington with US President Barack Obama. Both felt it consistently for “crucial importance”, Greece due to a reform path while keeping in the euro zone, said the White House. French President Francois Hollande called for Monday an emergency meeting of his cabinet a.

The head of the International Monetary Fund (IMF), Christine Lagarde said that the coming days are decisive for the fate of Greece and the euro zone. The IMF will therefore “watching developments in Greece and other countries in its vicinity and if necessary give support” the, Lagarde said in Washington. The IMF is in her words more willing to seek jointly with Athens and EU for a “balanced” solution, which should mainly “structural and tax reforms” include.

 
  Reuters / Bloomberg / dpa / AFP / FAS / mak

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