Tuesday, June 23, 2015

ECB Increases Emergency Funding to Greek Banks

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%.


1 comment:

  1. Could it really have ended any other way?