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Greek banks have 1 bln euro liquidity - association
July 3, 2015 / 2:26 PM / 2 years ago

Greek banks have 1 bln euro liquidity - association

ATHENS, July 3 (Reuters) - Greek banks have a “liquidity cushion” of 1 billion euros but funds beyond Monday depend on the European Central Bank, the head of Greece’s banking association said on Friday.

Greeks banks were shuttered on Monday for a week after the collapse of negotiations on a new aid deal to keep the country afloat, triggered by a government decision to call a referendum on the bailout terms.

“Liquidity is assured until Monday, thereafter it will depend on the ECB decision,” Louka Katseli told reporters. “The liquidity cushion we have is about 1 billion.” (Reporting by Lefteris Papadimas; Writing by Matt Robinson)

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