Flurry of Greek Bank Headlines Pushing Markets Around
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While headlines from Reuters that the ECB has stopped monetary operations to some Greek banks because the recapitalization is not in place are moving markets, there are separate reports suggesting funds for the banks are coming soon.
According to Market News International (MNI), The European Financial Stability Facility (EFSF) is expected to approve an E18 billion recapitalization disbursement for Greek banks within the next four days, and the banks should get the money within a week. MNI cited a senior Eurozone official.
Stocks, the Euro and Gold are all being impacted by the headlines.
According to Market News International (MNI), The European Financial Stability Facility (EFSF) is expected to approve an E18 billion recapitalization disbursement for Greek banks within the next four days, and the banks should get the money within a week. MNI cited a senior Eurozone official.
Stocks, the Euro and Gold are all being impacted by the headlines.
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