Tspiras Endgame Nears as Greek Bank Collateral Evaporates
by Nikos Chrysoloras and Vassilis Karamanis
May 17, 2015
Greek banks are running short on the collateral they need to stay alive, a crisis that could help force Prime Minister Alexis Tsipras’s hand after weeks of brinkmanship with creditors.
As deposits flee the financial system, lenders use collateral parked at the Greek central bank to tap more and more emergency liquidity every week. In a worst-case scenario, that lifeline will be maxed out within three weeks, pushing banks toward insolvency, some economists say.
The full article is available here: http://www.bloomberg.com/news/articles/2015-05-17/greek-endgame-nears-for-tsipras-as-bank-collateral-hits-buffers