The General Secretary of Social Insurance Giorgos Romanias has confirmed that Greek banks are experiencing a serious liquidity problem, in an interview on Vima 99.5 FM.
Mr. Romanias explained that due to the severity of the problem authorities are closely monitoring how much money is being withdrawn from the banks and what remains, while expressing the hope that the situation will be restored next week.
According Mr. Romanias, while there is public capital in the Bank of Greece to allow funds to pay pensions, the relevant system failed to operate due to “abnormalities of the past, which carry on today and which must cease at some point”.
