Showing posts with label FEARS. Show all posts
Showing posts with label FEARS. Show all posts

Friday, June 19, 2015

Tension over Greek Banks' Health

Capital flight from beleaguered Greek banks this week alone could be more than €3bn (£2.1bn), reports say.
Savers are moving funds as time runs out to resolve Greece's debt crisis.
It is understood the European Central Bank (ECB) will hold a telephone conference later to discuss more emergency assistance for the banks.
The pace of withdrawals has gained speed as talks between the government and its creditors have collapsed.

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Greece has less than two weeks remaining to strike a deal or face defaulting on a €1.6bn (£1.1bn) loan repayment due to the International Monetary Fund (IMF).
The country has already rolled a €300m payment into those due on 30 June.

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