Greece: European banks underline importance of eurozone cohesion
30 June 2015by ebffbe -- last modified 30 June 2015
Taking note of the recent political discussions between the Hellenic Republic and its creditors and the imposition of capital controls by the Greek authorities, the European Banking Federation, comprising national banking associations from 32 European countries, wishes to underline the importance of cohesion in the eurozone and to express its strong desire for Greece to remain a member of the euro area.
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The EBF notes with great concern the current impasse in the negotiations and wishes to encourage all parties involved, in particular the Greek authorities, to overcome their differences in the interest of Europe’s prosperity.
The EBF believes that the European economic and financial system is sufficiently robust to deal with possible adverse impacts. European banks in recent years have significantly reduced their exposures to Greece, greatly limiting the risk of contagion through the banking system to other countries.
The European Banking Federation is the voice of the European banking sector, uniting 32 national banking associations in Europe that together represent some 4,500 banks - large and small, wholesale and retail, local and international - employing about 2.5 million people. EBF members represent banks that make available loans to the European economy in excess of €20 trillion and that securely handle more than 300 million payment transactions per day. Launched in 1960, the EBF is committed to creating a single market for financial services in the European Union and to supporting policies that foster economic growth.
European Banking Federation (EBF)