Athens extends ‘bank holidays’ as ECB keeps its emergency aid limit unchanged - source
The source didn’t specify when the banks will reopen, TASS reported Monday.
“I can’t say how long the banks will stay closed. It all depends on the European Central Bank,” the representative of the Ministry of Finance of Greece said.
The Financial Times reported a warning last week from the head of Greece's banking association Louka Katseli that the banks had cash guaranteed only till Monday, July 13. She added that the situation in the country’s banking system would normalize if Athens reaches a deal with creditors.
Banks in Greece have been closed for the past two weeks after the government imposed capital controls. Daily ATM withdrawals have been limited to €60 ($66) per day. These measures were taken to prevent a massive deposit outflow that started on fears that Greece could leave the euro and potentially turn to its own currency.