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IPFS News Link • Economy - International

ECB To Grant Greece Additional €3 Billion In Emergency Liquidity, €68.3 Billion Total

• zerohedge.com

 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 the 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, which of course has still not been mitigated and in factis likely only to get worse in the coming days absent a deal of some sort.


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