Hellenic Bank Association President: ‘ATMs Will Operate Normally Until Monday’

Louka Katseli

The meeting between Greek Finance Minister Yanis Varoufakis, government Vice President Yiannis Dragasakis, Deputy Finance Minister Dimitris Mardas and Greece’s bankers was completed.

The meeting was attended by National Bank of Greece Chair Luka Katseli and Chief Executive Leonidas Fragiadakis, Nikos Karamouzis and Fokion Karavias from Eurobank, Vasilis Rapanos and Dimitris Mantzounis from Alpha Bank, Anthimos Thomopoulos from Piraeus Bank, Alexandros Antonopoulos and Ioannis Gamvrilis from Attica Bank, Christos Gortsos from the Hellenic Bank Association and Theodoros Mitrakos from the Bank of Greece.

According to Hellenic Bank Association President Louka Katseli, Greek banks’ ATMs will operate normally until Monday, July 6. “After that, everything depends on the European Central Bank,” she said.

In an interview to Greek radio, Varoufakis commented: “There will be no problem with ATMs by Monday. This week is problematic, however it consists an investment toward a sustainable agreement. The Greek state will be able to pay pensions and salaries at the end of the month since we will reach an agreement on Monday, one way or another. An interesting notice is that the country’s revenues have not collapsed as we are currently expecting a result. The problem can only be found in cash.”