Attica governor confirms that she'll deposit region's reserves … in BoG

80 million euros to be deposited in a single account in the Bank of Greece

Attica governor Rena Dourou confirmed on Friday that all of the region’s cash reserves will be taken out of private banks and funnelled into a single BoG account, a decision taken by majority vote in a regional council this week.

Only Dourou’s grouping, which holds an absolute majority, voted in favor of the decision, raising a firestorm of protest by other councillors.

Dourou, a top leftist SYRIZA cadre, announced the decision amid worrying reports that the Greek government, led by a SYRIZA majority, is facing a looming cash crunch as it has failed to achieve, as yet, a coveted loan agreement extension. By putting the reserves into a Bank of Greece account, the central government acquires additional liquidity.

The Attica region’s reserves are in excess of 300 million euros, some 80 million will be in the specific account.