Referendum call finds Greek banks teetering on the edge

Some key tasks pending as Greece edges closer to completing post-programme process 23/09/2021 - 11:59
PBO highlights exceptional factors supporting recovery, cautions against complacency 22/09/2021 - 09:59
Govt grabs opportunity offered by escape clause to entice voters with support package 13/09/2021 - 12:34
Recovery in car sales slows to 2.7 pct in August 09/09/2021 - 13:35
Rise of property prices continues with 4.6 pct increase in Q2 09/09/2021 - 12:40
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln 02/09/2021 - 11:57

Referendum call finds Greek banks teetering on the edge

Economy 27/06/2015 - 22:07 Tags: Banking

The Eurogroup rejected on Saturday the Greek government’s proposal for a one-month extension of the current bailout programme, which expires on June 30, Greek banks are facing a dramatic situation.

The challenge to the Greek banking system was immediately visible following Greek Prime Minister Alexis Tsipras's televised address announcing in which he proposed a referendum for Sunday, July 5 on the proposals put forward by the institutions.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€480.00

Free Mobile Apps

Update to the latest version of the MacroPolis Apps. Access all of our daily analysis, as well as our weekly e-newsletters, at your fingertips.

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

Tsipras looks for fresh start as Mitsotakis holds election cards 20/09/2021 - 13:39
Mitsotakis, Erdogan keep distance at UN as summer moratorium draws to close 22/09/2021 - 13:49
PBO highlights exceptional factors supporting recovery, cautions against complacency 22/09/2021 - 09:59
Food delivery boycott prompts SYRIZA to argue against labour deregulation 21/09/2021 - 13:49
Some key tasks pending as Greece edges closer to completing post-programme process 23/09/2021 - 11:59

PM removes under-fire ministers from posts in late-summer reshuffle 31/08/2021 - 13:24
Short-term fix for electricity bills leaves open questions for green transition strategy 14/09/2021 - 14:00
PM announces extensive measures to build on recovery, counter inflation and put govt on track 13/09/2021 - 09:07
Govt grabs opportunity offered by escape clause to entice voters with support package 13/09/2021 - 12:34
New Covid measures readied as doubts about key cabinet choices rub off on PM 09/09/2021 - 13:54

Politicians have commissioned, and largely ignored, multiple reports on wildfires 09/08/2021 - 13:13
Greece persistently bottom of the list for EU gender equality 18/11/2020 - 12:34
RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece 24/11/2020 - 13:35
Greek #MeToo claims snowball amid accusations of political cover-up 18/02/2021 - 14:06
Greek housing market at new juncture as Covid-19 shakes foundations 28/09/2020 - 11:29

PBO highlights exceptional factors supporting recovery, cautions against complacency 22/09/2021 - 09:59
Some key tasks pending as Greece edges closer to completing post-programme process 23/09/2021 - 11:59
Banks moving at pace on road to recovery 22/09/2021 - 09:17
Current account turns surplus in July as travel steps up 20/09/2021 - 13:43
Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth 21/09/2021 - 13:40

Govt grabs opportunity offered by escape clause to entice voters with support package 13/09/2021 - 12:34
GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2 07/09/2021 - 13:19
PBO highlights exceptional factors supporting recovery, cautions against complacency 22/09/2021 - 09:59
Rise of property prices continues with 4.6 pct increase in Q2 09/09/2021 - 12:40

Greek housing market at new juncture as Covid-19 shakes foundations 28/09/2020 - 11:29
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy 31/03/2021 - 15:42
Many obstacles to clear in Greece's digital leap 25/11/2020 - 13:21
The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Post-Covid era dawns on new landscape for bad debt in Greece 24/06/2021 - 16:02