Federal Reserve

The ECB is keeping Greek banks afloat during a massive bank run.

"According to some the ECB may also decide to no longer boost or even lower the amount of ELA which would in turn precipitate the collapse of the local banking sector, unless of course the ECB is willing to cover virtually every single euro deposited in Greek banks, which at this pace should take place in a few short weeks."

It's impressive that nothing has happened despite this.