Greek banks have 1 bln euro liquidity: association 

Greek banks have a "liquidity cushion" of 1 billion euros but funds beyond Monday depend on the European Central Bank, the head of Greece's banking association said on Friday. 

PHOTO: REUTERS

JUL 3, 201510:38 PM

[ATHENS] Greek banks have a "liquidity cushion" of 1 billion euros but funds beyond Monday depend on the European Central Bank, the head of Greece's banking association said on Friday.

Greeks banks were shuttered on Monday for a week after the collapse of negotiations on a new aid deal to keep the country afloat, triggered by a government decision to call a referendum on the bailout terms.

"Liquidity is assured until Monday, thereafter it will depend on the ECB decision," Louka Katseli told reporters.

"The liquidity cushion we have is about 1 billion."

REUTERS