Secret Central Bank Aid Props Up Greek Banks
May 23, 2012 8:22:09 GMT -5
Post by popcorn on May 23, 2012 8:22:09 GMT -5
Secret Central Bank Aid Props Up Greek Banks 
There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank — approved secretly by the European Central Bank in Frankfurt. If Greece were to leave the eurozone, the immediate cause might be an ECB decision to pull the plug.
www.cnbc.com/id/47513542
There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank — approved secretly by the European Central Bank in Frankfurt. If Greece were to leave the eurozone, the immediate cause might be an ECB decision to pull the plug.
www.cnbc.com/id/47513542