Palace: PHL officials in Greece ready measures for worst-case scenarios

Philippine officials in Greece are preparing measures to address so-called worst-case scenarios stemming from Greece's referendum on a bailout reform package, Malacañang said Saturday.

Deputy presidential spokesperson Abigail Valte said the Philippine embassy there is monitoring the situation and its effect on Filipinos there, including overseas Filipino workers making remittances home.

"So far hinihintay nila yun if it will have an effect, kung magkaroon ng limitation on withdrawal of banks. Nakaantabay ang embahada doon at prepare sila for worst-case scenario sakaling hindi umayos ang sitwasyon," Valte said on state-run dzRB radio.

Greece is to hold a referendum this weekend on the latest bailout program.

A report on the British Broadcasting Co. said Greece's current bailout program ran out Tuesday, and banks were closed all week. Limits were imposed on cash withdrawals.

Valte said the government hopes the referendum on Sunday (Monday in PHL) will lead to the normalization of the situation.

"Umaasa tayo the referendum on Sunday/Monday will normalize (the) situation para maka-open ang remittances," she said. — Joel Locsin/LBG, GMA News

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