Shots Fired: ECB Again ‘Threatens’ To Collapse Greek Bank System

• Shots Fired: ECB Again ‘Threatens’ To Collapse Greek Bank System
  by Tyler Durden, www.zerohedge.com  
  Given the self-admitted lack of ‘rules’ around emergency funding from The ECB, today’s (latest) threats to withhold Greek funding “due to politicial events” are perhaps the most ominous non-blackmail warning yet by the entirely independent Mario Draghi and his henchmen… 
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  After 2 days of not increasing the ELA limit for Greece: 
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  Feb. 5 Set at EU59.5b 
  Feb. 12 Raised to EU65b 
  Feb. 18 Raised to EU68.3b 
  March 5 Raised to EU68.8b 
  March 12 Raised by EU600m 
  March 18 Raised by EU400m 
  March 25 Raised to just over EU71b 
  April 1 Raised by EU700m 
  April 9 Raised to EU73.2b 
  April 14 Raised to EU74b 
  April 22 Raised to EU75.5b 
  April 29 Raised to EU76.9b 
  May 6 Raised by EU2b to EU78.9b 
  May 12 Raised by EU1.1b to EU80b 
  May 20 Raised by EU200m to EU80.2b 
  May 27 Unchanged at EU80.2b 
  June 2 Raised by EU500m to EU80.7b 
  June 10 Raised by EU2.3b to EU83b 
  June 17 Raised by EU1.1b to EU84.1b 
  June 19 Raised by ~EU1.8b to ~EU85.9b 
  June 22 Raised by ~EU1.9b to EU87.8b 
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  …and following today’s total farce in Brussels, ECB Governing Council member Luc Coene warned today that The ECB stood ready to reassess its decision to continue providing liquidity assistance to Greek banks.
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  “If for any reason market conditions and more let’s say political events would have to lead to a reassessment of this, the governing council will do so,” he told reporters at the central bank in Brussels Thursday.
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  Which perhaps explains why amid all the exuberance, Greek bank bonds are not recovering…
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  read more.

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