Greek banks shut for a week as ECB freezes emergency fund

Greek flag

Greece has closed its banks and imposed capital controls after the European Central Bank (ECB) froze the amount of emergency liquidity assistance (ELA) on offer to lenders on Sunday (June 28).

The government has declared a bank holiday between now and July 6, while the stock exchange is also shut today. The controls include a €60 cap ($67) on withdrawals from ATMs – though cards issued by foreign banks are exempt.

Prime minister Alex Tsipras insisted deposits in Greek banks were "entirely secure

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: