• growing minority of ECB governing council said to now oppose Greek ELA

  • said to be studying 3 options for raising haircuts on ELA (Emergency Liquidity Assistance)
  • measures not yet formally discussed but on the list if Greek reforms fail to secure bailout funds

Headlines out on BBG which are helping undermine the euro again. It's the ECB that holds the key right now given they're underwriting Greek day-to-day survival

No sources named but no smoke without fire either.

EURUSD has chewed through some bids at 1.0680 but more seen into 1.0660-70. Currently 1.0683

EURGBP lower at 0.7186 EURJPY also down to 127.55

Update: Full article now here