Greece Teeters on The Edge

Today Greece has to acquire the sign off of its creditors on its financial reforms, if it wishes to have the four month "breathing space" agreed to on Friday.

Irrespective of whether it obtains a sign off, Greece is on the verge of financial collapse and will, most likely, have to impose capital controls.

ICYMI: Greek bank deposit outflows last week ~€3B vs ~€2B week before, at which rate 8 weeks collateral left vs 14 a week ago -JP Morgan

— Jamie McGeever (@ReutersJamie) February 22, 2015

ICYMI: Greek bank deposit outflow this year now around €25B, reckons JP Morgan. Estimates are up to and include last week, so pre-agreement.

— Jamie McGeever (@ReutersJamie) February 22, 2015