Referendum call finds Greek banks teetering on the edge

Economy Tags: Banking
Photo by MacroPolis
Photo by MacroPolis

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.