That Greece is not making any specific efforts from what I have been reading,at least not yet as they stick to their guns and not bulging, three side of this, or they're completely crazy (which I doubt) or by gaining more time to pressuring the Germans and EU, or they have already something in the making to bail them-out, the last one seems to be a plausible but if so, what this might be and who can afford this kind of funding...
Hmm..For the full-year 2014, consolidated revenues were $1.43 billion, down 10.3% compared to $1.59 billion for the full-year 2013. Full-year 2014 GAAP net loss was $178.6 million, or $1.16 per share, compared to full-year 2013 GAAP net loss of $21.8 million, or $0.14 per share.
"Emergency Liquidity Assistance has become a lifeline for Greek banks after the ECB's decision two weeks ago to stop accepting Greek government paper as collateral for normal central bank loans, writes Brian Blackstone in the WSJ.
While ELA loans come with a higher rate, Greek banks can still post (junk-rated) government bonds as collateral.
Today's approval allows a ceiling of #$%$68.5B of lending, and comes as the Greek government and the troika try to reach a deal on a bailout extension"
Greek newspaper, Kathimerini, reports that the two top positions are expected to be filled by Louka Katseli, an economist and ex-minister, and George Michelis, who has previously worked for Eurobank and Greece's Emporiki Bank.
This could actually be seen as a positive move!