Bank of Greece (BoG) governor Yiannis Stournaras on Tuesday reassured that deposits in Greek banks are fully secured as after the recapitalization of banks the danger of a haircut has been eliminated

"Failure to reach an agreement would mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and – most likely – from the European Union," according to Bank of Greece's report on Monetary Policy 2014-2015.

In a report, the country's central bank said that in May 2014 the current account balance showed a deficit of 246 million euros, against a 70 million surplus in May 2013, as a result of a rise in the deficits of mainly the trade balance and also the income account balance, as well as a year-on-year shift of the current transfers balance from surplus to deficit.