National Bank of Greece ADR (fka NBGGY)

[Sundance2]

How about some good news?

ELA not going to be pulled tomorrow:

16:46

And there we have it:


15m ago
11:33



European Central Bank board member Yves Mersch has tried to pour cold water on the idea of a Grexit:


Meanwhile the ECB’s Klaas Knot has said Greek banks are solvent at the moment and can take some stress although - and no surprises here - they would be in trouble if Greece defaulted (courtesy Reuters).

A reminder that the ECB will soon make its weekly decison on the emergency funding given to Greek banks, which will continue as long as they are deemed to be solvent. So Knot’s comments seem to suggest the ECB will not pull the plug on the so-called emergency liquidity assistance yet.

Updated at 4.40pm BST


Facebook

Twitter

Google plus