Greece limits cash withdrawals to 60 euros a day and banks only reopen on 7
The Greek Prime Minister announced the closure of banks and the capital controls imposed. Tsipras assured that deposits are safeguarded and tell the Greeks who can remain calm. Announced also have asked again an extension of the Greek program. The Ministry of Finance has revealed that withdrawals are limited to 60 euros a day.
In a short televised statement to the Greek people this Sunday, June 28, already close to the 19h in Lisbon, the Greek prime minister, Alexis Tsipras, has announced that the Greek banks will close and decreed the capital controls imposed.
The leader of Syriza also revealed to have accepted the recommendation that the Greek central bank saw “forced” to present the Greek Government after new lock in the negotiations. All it rushed after Tsipras announced, last Friday, to call for a popular referendum on the proposal made by lenders to Greece, which led subsequently throughout this end-of-week to a large increase in survey cash in ATMs. The fear about what might happen to the Greek financial system earlier this Monday led the central bank to alert the government team led by Tsipras who promptly convened a board of extraordinary ministers.
The Greek prime minister has not said where the period of time that will force the closure of the banks or the From that amount will be the control of capital tax. But though the Ministry of Finance revealed more details on this. “The Ministry of Finance announced that banks would remain closed until July 7″ and the capital controls imposed limited to 60 euros the maximum amount of withdrawals per day, reveals a journalist quoted by the Guardian.
When the Cypriot financial system crisis in 2013, the capital control measures imposed prevented the collection of amounts in excess of 300 euros per day and prohibiting money transfers or moving abroad in possession of more than 3000 euros values.
Despite this announcement, Tsipras made sure to convey that the Greeks must remain “calm”, while ensuring that the “deposits are safeguarded.” The minister added that the payment of salaries and pensions is not in danger. However, in several messages posted on Twitter, Tsipras urged Greeks in the coming days to maintain the “patience and serenity.”
The head of the Greek government also revealed that the Greek authorities asked again, along the creditor institutions, an extension of the current Greek assistance program that ends next Tuesday, 30 June, the day that wins the return of nearly 1.6 billion euros to the International Monetary Fund (IMF). This proposal had already been presented this Saturday at the extraordinary meeting of the Eurogroup, the Greek Minister Yanis Varoufakis, and promptly rejected by the other finance ministers of the eurozone.
Alexis Tsipras said the Greek people that creditors accept extend the current assistance program that will allow the Central Bank EU keeps open the emergency liquidity line for the Greek banking beyond 30 June. The Greek politician criticized the ECB and the other institutions, of trying to prevent the realization of the referendum, which ranks as an “insult” to the European democracies.
Also on Twitter, a tirade against creditors, Alexis Tsipras declared that “they will not win,” stressing also that the decision not to extend the current memorandum has only one aim: “the to suppress the will of the Greek people. ” A kind of commentary on the latest developments, Tsipras concludes that “in these difficult times, we must remember that the only thing to fear is fear itself.”
(updated to News 20h26 for the second time, with more information on the monitoring of capital)
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