Greek banks' debt to ECB totaled 103 bln euros in June

Greek banks raised their dependence from liquidity operations of the European Central Bank in June, the Bank of Greece said on Monday.
The central bank, in a report, said the Greek banks’ total debt to ECB was 103 billion euros at the end of June, up from 97.5 billion euros a month earlier. The bank attributed this development to a large withdrawal of saving deposits from the Greek banking system in the month, a trend which intensifies liquidity problems for Greek banks.

Under a new agreement reached in the European Union to solve a Greek debt problem, European states will offer guarantees totaling 32 billion euros to Greek banks in order to continue smoothly their borrowing from European Central Bank.

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