Having vehemently denied teh rumor that Benoit Coeure specifically said he questioned whether Greek banks will open on Monday, The ECB has, rather awkwardly, admitted that:
*ECB SAID TO HOLD UNSCHEDULED CALL ON GREECE ELA ON FRIDAY
Given the accelerating outflows and implicit bank run today's comments will create, if The ECB does not re-up the ELA, it is indeed over for Greek banks (unless Russia or China step in over the weekend) come Monday morning.
As Bloomberg reports,
The Governing Council of the European Central Bank plans to hold an unscheduled call on Friday to discuss Emergency Liquidity Assistance available for Greek lenders, according to two people familiar with the plans.
People asked not to be named as ELA decisions aren’t public
An ECB spokesman declined to comment; Greek central bank didn’t respond to calls and text messages after business hours
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