The European Central Bank has once again raised the limit on the emergency liquidity assistance available to Greek banks to around €89bn as depositors continued to withdraw funds.
At the same time, indications suggest that a deal will be reached between the radical left Greek government and global banksters.
Jean-Claude Juncker, European Commission president, said after Monday’s emergency summit that he was “confident” of a positive outcome.
“I am convinced that this is not only our intention to finalise the decision-making process this week — we will finalise the process this week,” he said.
In the last 24 hours, Greek banks stocks have climbed by more than 25%.
-RW
Could it really have ended any other way?
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