• Eurozone officials are discussing an extension of up to 6 months for the Greek bailout programme
  • Deposit outflows estimated at 60m euros per day
  • Greek bond yield surge, bank deposit outflows make eurozone ponder the need for a 3rd bailout

Yesterday there was a report in the Greek press that 2 Greek banks were tapping emergency lending facilities but it was quickly taken down. Looks like the problems are real and that may send voters into a safer haven than Syriza. Then again, more bailout talk might make them more likely to vote for change.

Meanwhile, German officials reemphasized a hard line today and said there will be no bailout renegotiations.