The banks in Greece will remain closed until Thursday (9 July).
The
news comes hours after the European Central Bank (ECB) tightened the conditions
to the Greek financial institution for access to emergency liquidity support.
The decision of ECB comes at
the eve of a key meeting of the Eurozone countries for the fate of Greece.
Prime Minister Alexis Tsipras had declared that the banking holiday will end on
Monday (7 July).
The situation is getting
worse due to the refusals for financing from the IMF and the ECB since Athens
has not paid the installment of 1.6 billion Euros to the IMF.
Disturbing data was
presented - the Greek Guarantee Fund deposits have only 3 billion Euros, which are quite insufficient in event
of bankruptcy of the local banks.
Greek banks have a liquidity
buffer of about 1 billion Euros.
European Financial Stability
Facility (EFSF) announced that Greece is in bankruptcy!
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