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Greek Bank Shares Slide to Record Low as ECB Considers Pulling the Plug!

April 23, 2015 by mosesman

Greek_bank_stocks_have_halved_since_start_of_year

  • Greek Bank Shares Slide to Record Low as ECB Considers Pulling the Plug!
    by Mehreen Khan, http://www.telegraph.co.uk/  
    European Central Bank draws up plans to limit emergency assistance as Alexis Tsipras gears up to meet Chancellor Merkel.
    –
    Shares in Greece’s stricken banks fell to an all-time low on Tuesday amid fears the European Central Bank was planning to finally pull the plug on the country’s lenders.
    –
    Banks stocks fell by 4pc on the news that ECB staff had drawn up a memo which proposed limiting the emergency assistance (ELA) that has been keeping lenders alive since the Syriza-led government entered office at the end of January.
    –
    Tuesday’s trading helped cap off a torrid run which has seen more than 50pc wiped off the value of Greece’s lenders since the start of the year.
    –
    read more!

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