Financial Stability Council discussed the situation following decision … – El Diario de Yucatan

         

      

ATHENS (EFE) .- The board of the Greek financial system stability met this afternoon to prepare the next steps following the decision of the European Central Bank (ECB) to maintain liquidity injections to Greek banks.

At the meeting Finance Minister, Yanis Varufakis and Deputy Minister Dimitris Mardas, the governor of the Central Bank, Yanis Sturnaras and heads of banking associations involved.

Shortly before the beginning of the meeting, Sturnaras said the Bank of Greece would take “all necessary measures to ensure financial stability of Greek citizens in these difficult conditions.”

Sturnaras was speaking in a statement after the ECB’s decision to keep borrowing through emergency liquidity (ELA) at their level on Friday.

It is expected that the meeting this afternoon to take a decision on whether to or not to introduce capital controls to prevent the next few days, and before the expiration of the rescue on Tuesday, massive outflows of deposits such as those have been experienced in recent days are occurring.

The finance ministry denied reports the British radio BBC, according to Varufakis have said that the Government was studying the possibility of introducing capital controls or close banks Monday.

“The minister has stated repeatedly that the Government considers that capital controls is not compatible with the concept of monetary union,” he said in a statement the Ministry of Finance.

Meanwhile, the association union of bank employees has urged the government and the Bank of Greece the proper functioning of banks, the safety of workers, and the deposits of citizens.

In a statement, that association asked the Bank of Greece to “take all appropriate measures to ensure the harmonious and orderly conduct of transactions preventive measures.”

The primary objective should be to keep calm, security and normalcy in the functioning of the system banking, trade union confederation said adding that in the event of “a climate of tension in bank branches will not hesitate to intervene with direct and active initiatives.”

In Athens queues before ATMs They continued today and is beginning to register first signs of shortages of banknotes

.
               
         <- Social share ->