BUSINESS Banking

Uncertainty grows over local banks

YIANNIS PAPADOYIANNIS

Greeks and visitors alike are eager to find out what will happen with the banks after Sunday’s referendum, and the signs are that it will be a while before bank branches reopen for normal banking activities, while there is much talk of a possible haircut on deposits on top of the capital controls.

BUSINESS Economy

EFSF reserves right to call in Greek loans

The eurozone’s rescue fund, Greece’s largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan.

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Greece prepares for Sunday referendum

The brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneous rallies in Athens supporting "yes" and "no" answers to a murky question in what an opinion poll suggests could be a very close vote.