Greek banks are expected to reopen by the end of next week if institutions approve Greek bailout proposal on Sunday, according to a senior banking source via Reuters.
Greek banks have remaining liquidity of approximately €750 million that will last until Monday night, with ATM outflows averaging about € 80-100 million a day.
Even if a deal between Greece and its creditors is finally reached, Greek banks will still need recapitalization of around €10-14 billion.
Meanwhile, Greece’s brand new finance minister Euclid Tsakalotos stated that Greek capital controls can be quickly reversed.
Greek banks have remaining liquidity of approximately €750 million that will last until Monday night, with ATM outflows averaging about € 80-100 million a day.
Even if a deal between Greece and its creditors is finally reached, Greek banks will still need recapitalization of around €10-14 billion.
Meanwhile, Greece’s brand new finance minister Euclid Tsakalotos stated that Greek capital controls can be quickly reversed.
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