2 Greek banks now requesting emergency assistance

Discussion in 'Markets & Economies' started by mr-dead, Jan 15, 2015.

  1. mr-dead

    mr-dead Member

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    mr-dead, Jan 15, 2015
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    sammysilver, Jan 15, 2015
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  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Doesn't sound good: "Two Greek systemic banks reportedly submitted the first requests to the Bank of Greece for cash via the emergency liquidity assistance (ELA) system on Thursday in response to the pressing liquidity conditions resulting from the growing outflow of deposits as well as the acquisition of treasury bills forced onto them by the state"

    Are these small banks?
     
    SpacePete, Jan 15, 2015
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