Worst scenario: No money from Greece | Global News
Close  

Worst scenario: No money from Greece

/ 05:49 AM July 05, 2015
A man walks by a "YES" poster as speaks on his mobile phone in front of the parliament in central Athens, on Saturday, July 4, 2015. The Philippine Embassy in Athens is “preparing for the worst-case scenario” for Filipinos living in Greece as the country prepares for Sunday’s referendum on the financial bailout reform proposals of its creditors after it defaulted on its International Monetary Fund loan, Malacañang said on Saturday.  AP PHOTO/PETROS KARADJIAS

A man walks by a “YES” poster as speaks on his mobile phone in front of the parliament in central Athens, on Saturday, July 4, 2015. The Philippine Embassy in Athens is “preparing for the worst-case scenario” for Filipinos living in Greece as the country prepares for Sunday’s referendum on the financial bailout reform proposals of its creditors after it defaulted on its International Monetary Fund loan, Malacañang said on Saturday. AP PHOTO/PETROS KARADJIAS

MANILA, Philippines–The Philippine Embassy in Athens is “preparing for the worst-case scenario” for Filipinos living in Greece as the country prepares for Sunday’s referendum on the financial bailout reform proposals of its creditors after it defaulted on its International Monetary Fund loan, Malacañang said on Saturday.

“So far, they (Philippine Embassy officials) are waiting for that (referendum result) because that will have an effect on whether there will still be bank withdrawal limitations in Greece. For the time being, our embassy officials are waiting and they are preparing for the worst-case scenario if the situation does not improve,” deputy presidential spokesperson Abigail Valte said over government Radyo ng Bayan.

ADVERTISEMENT

Valte expressed the hope the situation in Greece would normalize to allow Filipinos there to remit money to their families in the Philippines.

“A prolonged restriction on withdrawals will affect remittances to their families,” Valte said.

FEATURED STORIES

She said Philippine Ambassador to Greece Nestor Ochoa was set to meet with the Filipino community in Athens.

An estimated 40,000 to 60,000 Filipinos, mostly domestics and seamen, work and live in Greece.–Nikko Dizon

 

Subscribe to our global nation newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Abigail Valte, debt crisis, Greece, ofws, Overseas Filipino workers, referendum
For feedback, complaints, or inquiries, contact us.

Subscribe to our global news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.