Update June 20, 2015

Dhaka 4-39 pm, 25-June, 2021

Fears grow over Greek banks’ health

Sumel Sarker

greek 5

Fears grow over Greek banks’ health

20 June 2015, Nirapad News: Fears are growing over the health of Greek banks after reports that savers have withdrawn billions of euros in the past week.

Capital flight from beleaguered Greek banks this week alone could be more than €3bn (£2.1bn), reports the BBC.

Savers are moving funds as time runs out on Greek debt crisis resolution.

It is understood the European Central Bank will hold a meeting later to agree more emergency liquidity assistance for the banks.

The pace of withdrawals has gained speed as talks between the government and its creditors have collapsed.

On Monday, an emergency summit of leaders from eurozone nations will be held after the latest attempt to resolve the Greek debt crisis failed.

A meeting of eurozone finance ministers on Thursday made no breakthrough.

The head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, said that “too little” progress had been made and that “no agreement as yet is in sight”.

Visitor's Comment: ( The authorities are in no condition responsible for any comments of the reader)