ECB To Grant Greece With Additional €3 Billion In Emergency Liquidity, €68.3 Billion Total02/18/2015 Those wondering if Draghi would be so bold as to precipitate a Greek bank run and funding crisis by yanking the country's Emergency Liquidity Assistance program, which as of two weeks ago was boosted to €65 billion, now have an answer. According to Dow Jones, the ECB just boosted the Greek cash allottment to €68.3 billion, an increase of €3.3 billion:
•ECB SAID TO OK CONT. EMERGENCY LIQUIDITY FOR GREEK BANKS:
•ECB SAID TO OK ELA FOR GREEK BANKS OF EUR68.3B FOR 2 WKS: WSJ
Which means that cat and mouse game between Greece and Europe will continue for at least one more week, because that's when, according to Kathimerini's Greek sources, the nation runs out of state cash which will have the same impact on the Greek negotiating leverage as a full-blown bank run.
In retrospect, Draghi may not have had to do anything to accelerate the resolution in the Europe vs Greece standoff: it looks like Greece did that work for him.
Traduction
Connexion
Inscription
FAQ
)
)
.*.
.*.