Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Friday, June 19, 2015

Greek PM optimistic on debt deal as banks bleed

By George Georgiopoulos and Lefteris Papadimas ATHENS (Reuters) - Greeks pulled more than 1 billion euros out of their banks in a single day, banking sources said on Friday, as the country edged closer to the brink of default despite upbeat remarks from Prime Minister Alexis Tsipras. With less than two weeks left before Greece will default on an IMF loan unless the government reaches a deal with creditors, financial markets fear the authorities may have to impose capital controls to prevent savers from emptying the banks. The governors of the European Central Bank, which is keeping the Greek financial system on life support by providing emergency funds, were due to hold a telephone conference to discuss how much cash it could continue to provide.


READ THE ORIGINAL POST AT uk.news.yahoo.com