×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
10
Dec 2025
weather symbol
Athens 16°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

Goldman Sachs: Why Greek banks will continue to lead in 2026

Bloomberg: SpaceX planning the biggest IPO of all time with a target valuation of $1.5 trillion

Exarchos meets with Pete Hegseth on the US-Greece energy agreements

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

From Varoufakis’s “wow” to Dijsselbloem and Schäuble who wanted Grexit, to Pierrakakis as candidate for Eurogroup president

December 10, 2025

Florides: Farmers have not yet come up with what their demands are, ‘gangsters’ those who caused riots

December 10, 2025

Voyager 1 ready to make history again: in 2026 it will reach a distance of “one light-day” from Earth

December 10, 2025

EU reaches agreement to reduce greenhouse-gas emissions by 90% by 2040

December 10, 2025

France: Controversial social security budget passed by the National Assembly, Le Corneille’s position strengthened

December 10, 2025

Russia: Washington has not yet formally responded to Putin’s proposals on the nuclear treaty

December 10, 2025

Trump’s son-in-law turns Albania’s ghost island into a $1-billion tourist project – Ivanka’s emotional outlook over the location

December 10, 2025

Bloomberg: A high-symbolism test for Greece as Pierrakakis fights for the Eurogroup presidency

December 10, 2025
All News

> World

Voyager 1 ready to make history again: in 2026 it will reach a distance of “one light-day” from Earth

Voyager 1, together with its twin spacecraft Voyager 2, will celebrate their 50th “birthdays” in 2027, having made history in space exploration

December 10, 2025

France: Controversial social security budget passed by the National Assembly, Le Corneille’s position strengthened

December 10, 2025

Russia: Washington has not yet formally responded to Putin’s proposals on the nuclear treaty

December 10, 2025

Trump’s son-in-law turns Albania’s ghost island into a $1-billion tourist project – Ivanka’s emotional outlook over the location

December 10, 2025

Trump at the top of Politico’s list of the 28 most powerful in Europe, Le Pen and Putin in the top five

December 10, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα