Wednesday 21 March 2018

ECB worried that Greece's banks won't be able to open next week

Robin Emmot

The European Central Bank (ECB) told the meeting of finance ministers that it was not sure if Greek banks, which have been suffering large daily deposit outflows, would be able to open on Monday, officials with knowledge of the talks said.

The officials said the chairman of the meeting, Jeroen Dijsselbloem, asked ECB Executive Board member Benoit Coeure if Greek banks would be able to open tomorrow.

Coeure answered: "Tomorrow, yes. Monday, I don't know."

The ECB denied the report.

Meanwhile, Greece has not asked Russia's finance ministry for assistance and its prime minister is visiting Russia to discuss joint projects, not to seek cash, Russian Deputy Finance Minister Sergei Storchak said. Greek Prime Minister Alexis Tsipras arrived in St Petersburg yeserday for talks with Russian President Vladimir Putin and other officials.

"There have been no requests," Mr Storchak said at the St Petersburg International Economic Forum. "There are no resources (in our budget to provide money)." He said Russia was interested in Greece resolving its problems and normalising relations with its partners, and Moscow did not want any "escalation of tensions".

Irish Independent

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