×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
17
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

Aktor: Bond debuts on the Athens Exchange – Statements by Exarchou and Kontopoulos

Payments of 487.9 million euros from OPEKEPE and ELGA – Payments to farmers for 2025 reach 3.2 billion euros

Metlen: Morgan Stanley sets a €64 price target – The three scenarios for the stock

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

Valencia shocks Olympiacos in Piraeus with late surge to claim EuroLeague victory

December 16, 2025

The majority of Ukrainians are against the withdrawal of Ukrainian forces from Donbas

December 16, 2025

Bulgaria joins the Euro: Changes coming to northern Greece in property, tourism, business, and consumerism

December 16, 2025

After Antetokounmpo, Jokic also targeted by Sengun: “You can’t touch him, he gets a foul every time

December 16, 2025

November 17: Half a century after the killing of Welch, nothing has been learned, and the file remains open

December 16, 2025

US to deliver 2 bcm of LNG to Hungary in the next 5 years

December 16, 2025

With 159 “yes” and 136 “no” votes, the 2026 budget passed the Parliament

December 16, 2025

Panathinaikos vs Fenerbahce 81-77 victory at the final buzzer (updated)

December 16, 2025
All News

> Politics

With 159 “yes” and 136 “no” votes, the 2026 budget passed the Parliament

A total of 295 Members voted

December 16, 2025

Kyriakos Mitsotakis’s speech on the budget in the Parliament (updated)

December 16, 2025

Watch live: Kyriakos Pierrakakis on the floor of the Parliament

December 16, 2025

Hatzidakis: An additional 160 million package to support livestock farmers, cotton, and wheat producers

December 16, 2025

Charitsis: No to the war budget, we demand a reduction of defense spending to 2%

December 16, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα