ATHENS: The Greece expert said “Before we run over today’s calendar, yesterday saw the ECB increase the ELA cap once again for Greece lenders after raising the limit by €2bn”. The ECB chose not to make any changes to the haircuts on Greek collateral, instead waiting until Monday to reassess post the Eurogroup meeting”.
“Looking ahead to that meeting, Eurogroup Chair Dijsselbloem was yesterday quoted as playing down any hopes of a resolution after saying that ‘since the last Eurogroup quite a bit of progress has been made’ but that ‘still lots of issues have to be solved, have to be deepened more, with more details, so there will be no agreements on Monday’.
