The chairwoman of the Greek Banking Association told private SKAI TV on Saturday that if the European Central Bank’s Emergency Liquidity Assistance (ELA) isn’t restored then Greece’s banking system would have a major problem by Monday.

In another intervention on private MEGA TV, Katseli, the president of state-controlled National Bank, said the European Central Bank will meet on Monday morning to decide on new levels of liquidity. Asked if she can ensure that deposits are safe, Katseli said the “solvency of banks is controlled by the ECB. The faster we move in solvency and normalcy, the more likely it is that we will avoid disastrous scenarios.”

Princeton-educated and trained Katseli, a long-time socialist PASOK cadre and top minister, switched political sides since 2012 and mostly “warmed up” to SYRIZA’s positions.

Meanwhile, Deputy Prime Minister Giannis Dragasakis gave reassurances that there would be cash inside ATMs over the weekend, where people will be able to withdraw a … princely 60 euros per day, due to the capital controls instituted by the government last weekend.

Dragasakis held a meeting attended by Finance Minister Yanis Varoufais, Alt. Finance Minister Dimitris Mardas, Katseli, NBG CEO Leonidas Frangiadakis and the the directors of other systemic banks.

“Cash flow at ATMs are secure until Monday,” said a chief bank official following the meeting, however did not say what would happen afterwards.
Sources state that one billion euros worth of reserves are available. Bank officials gave “assurances” that the daily withdrawal amount will continue to be at 60 euros per day.