Greek Capital Controls to Stay for at Least Six Months: Times
2015-07-12 11:26:35.586 GMT
By Matthew Boyle
(Bloomberg) -- Banks, finance ministry officials meet
Monday to consider options incl. reducing 4 main banks to 2,
creation of bad bank for toxic loans, possible forced losses for
depositors, Sunday Times says, citing officials in Athens that
it didn’t identify.
* Officials also expected to approve new capital controls
* ~EU15b needed to recapitalize banks
* Greece’s top 4 lenders have <EU500m in deposits, only enough
to last to Monday
* NOTE: Greek Bank Deposits May Run Out by Sunday on Outflows:
Moody’s
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To contact the reporter on this story:
Matthew Boyle in London at +44-20-3525-8675 or
mboyle20@bloomberg.net
To contact the editor responsible for this story:
Matthew Boyle at +44-20-3525-8675 or
mboyle20@bloomberg.net
2015-07-12 11:26:35.586 GMT
By Matthew Boyle
(Bloomberg) -- Banks, finance ministry officials meet
Monday to consider options incl. reducing 4 main banks to 2,
creation of bad bank for toxic loans, possible forced losses for
depositors, Sunday Times says, citing officials in Athens that
it didn’t identify.
* Officials also expected to approve new capital controls
* ~EU15b needed to recapitalize banks
* Greece’s top 4 lenders have <EU500m in deposits, only enough
to last to Monday
* NOTE: Greek Bank Deposits May Run Out by Sunday on Outflows:
Moody’s
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Matthew Boyle in London at +44-20-3525-8675 or
mboyle20@bloomberg.net
To contact the editor responsible for this story:
Matthew Boyle at +44-20-3525-8675 or
mboyle20@bloomberg.net