Greek banks are waiting for permission to open – tagesschau.de

The Greek banks are still waiting for the “Go” to open again on Monday. Even after the ECB’s decision on new emergency aid available to the banks but before hard times.

Greek banks are actually ready to open on Monday after three weeks closing again, several news agencies reported, citing insiders. However, it was not quite sure if it will happen

approval is still pending

.

Because the institutions were still waiting for the approval of the Central Bank and the government, also had some technical issues to be resolved. Basically, however, the institutions are willing to open up. The Central Bank worked with the government because, to arrange this as soon as possible, said a representative of the central bank.

The financial institutions in Greece are closed since 29 June. Citizens of the country can stand out since only 60 euro per day from the vending machines. Background of the measure was the risk of a collapse of the banking system after had bank customers for fear of government default and euro exit the country massively cleared their accounts

.

Fresh money thanks ECB bailouts

Today, the country could shortly get fresh money on the capital market and refinance one billion euros of short-dated government securities. As the debt agency PDMA reported 813 million euros have already been received for 13 weeks in the form of short-dated government securities on Wednesday. Additional EUR 187 million were flown yesterday as part of a separate process in the state coffers, reported the Greek financial press.

Previously, the European Central Bank had the banks in the country first time in two weeks a new money granted. The Notenbankrat increased the so-called ELA emergency aid to 900 million euros. Most recently, she had been capped at just under 90 billion euros.

bank closures as a result possible

Despite the ailing banks in the country is expected to a major conversion with painful cuts to closures in the house, expect Insider. First, it will probably be short-term injections of capital to support the Institute, reported Reuters. A first recapitalization could be done in about four weeks, if an agreement on a new rescue package was achieved. After closures, mergers and sales of foreign subsidiaries could face, expect the industry experts.

This subject reported the Nachtmagazin on July 17, 2015 at 00:20 clock.