Bank of Greece (BoG) Governor Yiannis Stournaras expressed optimism on Friday that the operation of banks will normalize in the next few days, as an agreement between Greece and its creditors is imminent, according to a press release by the bank employees’ union OTOE. In a meeting between the union and Stournaras, the Greek central banker said an agreement is the only way to go for the country and the economy, and analyzed measures taken by the bank to secure the banking system and deal with the effects of the liquidity crunch. Commenting on capital controls, he said their lifting will take place gradually and will happen simultaneously with the restoring of banks’ liquidity. He noted that if there is a deal with creditors, there will be no threat to the future of the country’s banks because they will soon be able to fix the problems that have been created and the climate of trust will be restored. Stournaras also said the operation of Greek bank branches abroad is being monitored by the BoG, adding that, as long as there is a deal, they will face no problems. During the meeting, he rejected reports claiming some banks may be in danger as “irresponsible rumors,” noting that the banking system has proven credible and safe, and will play a crucial role in the growth of the country’s economy after the crisis has subsided. (source: ana-mpa)
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