Greek banks have 1 bln euro liquidity: association

[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

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