As the Greek talk sours, mood is quite bitter and panic for many in Greece. Failure of talk could mean exit from Euro zone. Athens stock exchange currently trading around 870 remains volatile over different comments. See…
As the Greek talk sours, mood is quite bitter and panic for many in Greece.
Failure of talk could mean exit from Euro zone. Athens stock exchange currently trading around 870 remains volatile over different comments.
Seems like the Greek government have the vote but not people's wallet confidence. Deposits are drying up in the banks and country's central bank is feeling the pressure.
Banks are informing deposit drop of around €400 million a day & close to a €2 billion a week.
This has so far prompted the Greece to ask for more Emergency Lending Assistance (ELA) money.
ECB have further sanctioned and increased the size by €3.3 billion to € 68.3 billion. This was a partial increase of the amount requested which could be shut off in absence of an agreement.
Euro is currently trading at 1.131 down 0.35% today but still in its tight range of 1.127- 1.155 range.
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