April Greek Capital Flight €5 Billion; Eurozone Liabilities Hit €115 Billion
May 28, 2015Spread the love
The ECB is attempting to stem the flow by not upping emergency liquidity assistance (ELA) as noted yesterday in Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies Everyone Prepared? When the ECB and Germany say they are prepared for Grexit, do they include taxpayers who will have to foot the bill for default? My friend Lars from Norway pinged me with this observation today…
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April Greek Capital Flight €5 Billion; Eurozone Liabilities Hit €115 Billion