ATHENS: The outflow of net withdrawals in the fourth quarter of 2014 remained around €28bn, cutting the deposit total around €137bn, the lowest in last decade.
ECB policy makers hold a weekly review on Wednesday of their Emergency Liquidity Assistance, which is keeping Greek lenders afloat, according to two people familiar with the matter who asked not to be named because the talks are private. Last week it made more than €1 billion available, raising the limit to just over €71bn.
“Greece is being kept on an incredibly tight leash,” Michala Marcussen, global head of economics at Societe Generale SA, said in a Bloomberg Television interview. It’s “clearly intended to keep Greece under pressure and keep things moving forward in the negotiations.”
