The Phaserl


“The Collateral Has Run Out” – JP Morgan Warns ECB Will Use Greek “Nuclear Option” If No Monday Deal

from ZeroHedge:

In Athens on Friday, the ATM lines began to form in earnest.

If no agreement is reached on Monday, then the ECB will have little reason to show further flexibility and it will likely freeze its ELA limit on Greek banks. As a result capital controls will become almost inevitable after Monday.”

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