Banks Staying Shut Would Be 'Catastrophe': Maraggelis

A failure by Greek banks to open on Tuesday would be a "catastrophe," according to Emmanuel Maraggelis, managing director of Athenian Marble. "We are already out of time," he said in an interview in Athens with Erik Schatzker on Bloomberg Television's "The Pulse." (Source: Bloomberg)

Draghi Says Research Confirms Central Banks Not Powerless
40:13 - ECB President Mario Draghi discusses the success of forward guidance and other non-standard monetary policies in a speech in Lindau, Germany. (Source: Bloomberg)
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