Cash outflow stemmed
- Written by E.Tsiliopoulos
Greek media have reported that there have been significant deposit outflows in recent days due to political uncertainty two weeks ahead of early elections.
"After reports about deposit outflows from the country's banks, the Bank of Greece notes that the situation is under full control," the central bank said in a statement.
"The Bank of Greece along with the European Central Bank are monitoring closely the developments and intervene whenever this is necessary," it said.
The central bank said the ECB has been offering credit facilitation to countries that were on a fiscal adjustment programme since 2010, a policy which is not affected by political developments.
The ECB has helped out Greek banks by exempting them from requirements on the collateral it accepts for access to funding.
Source: Reuters
Related items
-
The programs for hosting diaspora children by the General Secretariat of Hellenism Abroad continue
-
Anne Hathaway: In Hydra for a vacation with her family
-
Pyrros Dimas: Photographed with Snoop Dogg in France
-
Tourists in Skiathos continue dangerous habit of sitting in back of planes while turbine kicks on (video)
-
Dendias after LoA signing: acquisition of F-35s will lead Hellenic Air Force into a new era
Latest from E.Tsiliopoulos
- The programs for hosting diaspora children by the General Secretariat of Hellenism Abroad continue
- Anne Hathaway: In Hydra for a vacation with her family
- Pyrros Dimas: Photographed with Snoop Dogg in France
- Tourists in Skiathos continue dangerous habit of sitting in back of planes while turbine kicks on (video)
- Dendias after LoA signing: acquisition of F-35s will lead Hellenic Air Force into a new era