Friday, June 19, 2015

Capital fleeing Greece – Clarín.com

The emergency meeting Monday to close a deal for Greece will not fall into default left upbeat and happy the Greek premier Tispras Alexis, who was highly satisfied today. Another thing happened to savers who keep money in Greek banks. To read as a climate of total uncertainty about the future of the Hellenic country in the euro and the possibility of a “corralito” and capital controls, tickets are fleeing accounts in Greece in billions and dizzying speeds.

So today the governing council of the European Central Bank (ECB) meets in an extraordinary way to decide if wide the emergency liquidity assistance to Greece after intensified capital flight.

The French member of the ECB Executive Board, Benoit Coeuré even doubted yesterday that Greek banks to open on Monday, in an environment of great uncertainty. It is estimated that on Thursday came out of Greek banks over 1,000 million euros.

banking circles quoted by Greek media claimed that the situation is “controlled” and recalled that June 2012, in the heat of the convening of the second general election in just one month, deposit outflows were twice which is taking place now.

The Greek government responded yesterday hardness to reports in the press, according to which it was preparing a plan of capital controls , and said that this type of information only pursue “rioting” and “destabilize the economy” .

The ECB now disrespected a request for increased emergency liquidity over 3,000 million euros Bank Greece, and as the ECB is part of a normal procedure, according to sources close to the situation.

Since yesterday, the ECB had increased by 1,100 million euros for emergency liquidity assistance Greek banks

(Source: agencies).

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