×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
19
Dec 2025
weather symbol
Athens 12°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Reports: ‘Bail-in’… considered for crisis-swamped Greek banking system

15 bln needed for recapitalization of Greek banks

Newsroom July 12 06:57

While Greek PM Alexis Tsipras scrambled to clinch a 12th hour deal in Brussels at the EU-19 Summit on Sunday, senior officials in Athens reportedly told the Sunday Times that capital controls on Greek bank deposits will remain in place for at least six more months.

Officials of Greece’s four “systemic” banks will meet Monday with finance ministry officials to come up with ways on how to rescue the country’s crumbling banking system.

>Related articles

Pierrakakis attends G7 meeting of Finance Ministers and Central Bank Governors

Kimberly Guilfoyle: The US invests in projects that bring real benefits to Greece

Consumer Protection Authority: Despoina Tsangari officially appointed President

According to reports, options on the table include the consolidation of the four banks into two major banks; creation of a ‘bad bank’ to funnel “toxic” and non-performing loans as well as the possible “bail-in” of bank deposits.

A senior source said about 15 billion euros are needed to recapitalize the battered Greek banks. The meeting is expected to extend the cap controls on deposit withdrawals – currently each account holder is permitted to withdraw only 60 euros per day per account.

BBC reports says that the Greek government, the Bank of Greece (BoG) along with the four systemic Greek banks have not held talks on technical details to adopt any new currency in the event of a Grexit.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

ELTA: New stamp and envelope series “ELPIDA – Marianna B. Vardinoyanni

December 19, 2025

PULS paves the way for the “Achilles Shield”, defence programmes with Israel, and the United Arab Emirates in the game

December 19, 2025

Christos Markogiannakis honored as Knight of the Order of Arts and Letters

December 19, 2025

British Museum: Loans of up to 3 years are its new model for antiquities removed from other countries – What it plans to do with the Parthenon Sculptures

December 19, 2025

“Flying” Santas filled the children in the oncology ward of Pagni with joy, watch video

December 19, 2025

Embraer’s Eve made the maiden flight of the “flying car,” having received over 3,000 pre-orders

December 19, 2025

In the mountain forests of the Peloponnese, Greek fir trees are dying en masse without being burned

December 19, 2025

Rubio on the Ukraine peace talks: ‘There is progress, but we have a long way to go’

December 19, 2025
All News

> Greece

ELTA: New stamp and envelope series “ELPIDA – Marianna B. Vardinoyanni

In total, there are 5,000 leaflets with 4 adhesive stamps and 1,000 commemorative envelopes of the first day of issue

December 19, 2025

PULS paves the way for the “Achilles Shield”, defence programmes with Israel, and the United Arab Emirates in the game

December 19, 2025

“Flying” Santas filled the children in the oncology ward of Pagni with joy, watch video

December 19, 2025

5-month-old baby found dead in Attica: “We woke up and found her cold,” says the mother

December 19, 2025

All points with agricultural blockades after the decision to escalate – What’s next for the weekend

December 19, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα