According to European Central Bank (ECB) officials as of now, there has been no calls for Emergency Liquidity Assistance (ELA) from Bank of Greece. Today stands as third consecutive days, when there has been no call for ELA.
European central Bank (ECB) granted around € 3 billion early this week, making total ELA close to € 89 billion.
Last week almost € 4.2 billion flown out, Friday alone there was 1.2 billion outflow, compared to that this Friday stands as pretty calm.
Greek people seems to be more confident that a deal will be sealed over the weekend. However European Central Bank likely to hold tele-conference on Monday to assess the ELA situation in Greece if both parties fail to secure an agreement.
It might turn out as another black Monday if Greece fails to secure agreement.
European stocks are flat, moving towards weekend.
German DAX is at 11460, down -0.1% for the day so far, CAC40 is up 0.3%, Italian FTSE MIB is down by -0.2%, trading at 23650.
Euro is treading water. Trading at 1.12 against dollar.
The material has been provided by InstaForex Company – www.instaforex.com