Skip to content
Subscriber Only

Greek Banks Seen Days From Breakdown as Bailout Talks Resume

Bloomberg business news

What If Greek Banks Don't Open for Two Weeks?

Updated on

Greek banks may be facing the end game.

The European Central Bank is tightening the credit that’s their only lifeline. Money was pouring out of customer accounts before banks were closed and capital controls imposed a week ago. The prospects of Greece reaching a deal with creditors remain slim after its voters rejected austerity on Sunday.