The government Vice President Yannis Dragasakis has arranged to meet with executive officers of the country’s four systemic banks, in order to discuss liquidity in the domestic banking system.
Bank deposits have reportedly shrunk by about 15 billion euros December 2014 and January 2015, while the European Central Bank recently decided to stop accepting Greek bonds as collateral, meaning that Greek banks will have to rely on the ELA for funding.
The meeting with Mr. Dragasakis came after the Prime Minister Alexis Tsipras announced his intention to change the framework of operation of the Financial Stability Fund (FSF). Should these changes be implemented, then via the FSF, the State will have full voting rights and will be able to choose the board members at the banks.
