Bank of Greece

By Maria Katsounaki

Amid the numerous Facebook tributes to Yanis Varoufakis, one shows a photoshopped image of the Greek finance minister clad in regal garb, with the page?s creators inviting citizens to rally in Syntagma Square on December 31 and proclaim him the new king of Greece.

Bank of Greece Governor Yannis Stournaras is to appear before Parliament?s institutions committee on Monday following the panel?s decision to summon him to testify in connection with the Siemens cash-for-contracts scandal.

Greek banks are expecting to be subjected to massive outflows after the latest round of talks between Athens and its international creditors on agreeing a new bailout for the country, failed to reach progress on Thursday.

Almost EUR 3 B euros have been withdrawn from Greek banks this week, with bank managers expecting even more outflows on Friday, the Greek Reporter informs.

Greece's banking system remains stable, the central bank governor said in a statement on Friday, seeking to calm worries after a surge in bank deposit outflows this week.

 BoG requests additional 3.5 bln euros as deposit flight hastens

By Yiannis Papadoyiannis

Outspoken SYRIZA MP Rachil Makri on Thursday took legal action against Bank of Greece Governor Yannis Stournaras, accusing the banking chief of ?possible malice? as regards his monetary policy report on Wednesday, which warned of a likely Greek exit from the eurozone in the event that the government fails to reach a deal with the country?s creditors.

House Speaker Zoe Constantopoulou has called Bank of Greece Governor Yannis Stournaras to appear before Parliament?s institutions committee on Friday even though the central bank chief informed her he would not be available.

By Yiannis Papadoyiannis

Liquidity in the domestic credit system has reached its worst point as bankers consider the 1.1-billion-euro increase in the limit of the emergency liquidity assistance (ELA) granted on Wednesday by the European Central Bank to be insufficient to satisfy the local system?s requirements.

The international press is focused on Greece’s negotiations with the International Monetary Fund, European Commission and European Central Bank. The Guardian focused on the warning issued by Bank of Greece Governor Yiannis Stournaras who wrote a report stating that Greece was on the brink of an “uncontrollable crisis”.

By Yalman Onaran

Greek banks, which received two capital infusions in the past two years, may need a third one as a recession drives up losses from bad loans.