Prime Minister: – Greek banks will not open Monday – Dagbladet.no

Greek banks will not open Monday, said CEO of the Greek Piraeus Bank, Anthimos Thomopoulos, according to Reuters. Another source said the Greek stock exchange nor open.

Now confirm the Prime Minister this. He blames the ECB.

time 20 Sunday reports BBC that Prime Minister Alexis Tsipras confirms that banks are closed Monday. He states that banks will close and it will be introduced capital controls. He emphasizes, however, that it would be safe to make deposits in banks.

Closed July 5

The Prime Minister said on Greek television that the Greek people have to deal quiet, and that savings are safe.

Bloomberg reports that the banks will remain closed until July 5, the day the country’s prime minister Alexis Tsipras has announced referendum.

The ECB has made it difficult for the Greek banks, since they decided to freeze subsidy level at a time when a worried Greek people running to banks to withdraw money.

Although they said Sunday afternoon that they will maintain nødkreditten, they open not before increasing the credit.

Major consequences

With 179 votes against 120 votes approved the Greek parliament the proposal of the Prime Minister to hold a referendum. 5. July should the Greek people decide whether they want to accept cuts and reforms from the EU and IMF, in exchange for further emergency funding.

At banks closes Monday, will have major implications for economic activity. It will be reduced significantly, and Greece has already had negative growth so far this year.

Bank Holiday

The statement from the bank director comes after the Greek council for financial stability held its emergency meeting Sunday afternoon . At this meeting, participants will have agreed to impose capital controls.

Capital control involves limits on how much people can take out of money.

The Council should have stated that it is a bank holiday in Greece next week.

Three days before Greece’s loans from the International Monetary Fund (IMF) expires, declined Greece agreement proposal from creditors in the eurozone, which would have meant cutbacks in pensions and stricter treasures including tourism.

Saturday morning took Tsipras most by surprise by announcing a referendum on the proposal next Sunday. Even says Tsipras no, because he believes the proposal humiliates an entire people.