The Governor of the Bank of Greece Yannis Stournaras had reassured that bank liquidity is fully ensured and that the bank deposits are fully secured, after meeting with the government Vice President Yannis Dragasakis on Thursday.
Mr. Stournaras further explained that the ECB will provide liquidity to Greek banks via the Emergency Liquidity Assistance (ELA) mechanism. He also added that the deposit outflow was under control.
The two met to discuss the European Central Bank’s decision to stop accepting Greek bonds as collateral, as well as other recent financial developments.
The Greek central banker further stressed that the ECB’s decision may be reverse in the future, as it has happened in the past, provided the government and Greece’s creditors can reach an agreement.
