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Monday, February 16, 2015

Greek banks to run out of collateral in 14 weeks: JP Morgan

By Jamie McGeever LONDON (Reuters) - Greek banks are losing around 2 billion euros of deposits a week, a pace of outflows which, if maintained, will see them run out of collateral for new loans in 14 weeks, according to JP Morgan. This is based on its calculation that of a maximum 108 billion euros of financing available from the European Central Bank and Greek central bank, Greek banks have ...


READ THE ORIGINAL POST AT news.yahoo.com