ECB to Offer More Emergency Funding to Greek Banks

Greek banks were offered more emergency funding on Friday, amid fears that massive fund outflows may prevent its lenders from opening next week.

It comes as investors keep a close eye on Greece, after talks with euro zone finance ministers failed to reach a deal. An emergency meeting has now been slated for Monday, as officials scramble to keep the country from defaulting on its debt – and possibly even leaving the euro zone.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza