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FBN's Ashley Webster breaks down how concern over Greek banks impacted the European market close.
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Now to some breaking news is the European markets are closing here.
At the bottom of the hour Ashley Webster said he -- -- tell us all about them from the media here while hello I'll well it's very continues very towards the end of the -- -- in Europe really pulling back these markets muses the European Central Bank has reportedly stopped them monetary.
Policy operations with some Greek banks is.
No comment from the ECB but what that means is ECB does not deal with banks that are not solvents -- some worrying.
Developments -- person the infamous person familiar with matters is on her name says -- full Greek banks capital.
Is so depleted they were operating -- negative equity as we know a lot of money has been coming out -- Greek banks since the may sixth election some 900 million dollars worth and so this is a big concern although earlier in the day the ECB says hey we we -- we are continuing to operate.
-- Greek banks are some conflicting messages but certainly wiring it took some wind out of the sales of European markets.
-- a quick look at the close -- in the -- as you can see did get back into positive territory then slipped down slightly not attack -- essentially hung on to some small gains in the -- also.
Slipping slightly low over this is going to be a big story tomorrow there's going to be a lot of rhetoric I'm sure from the ECB.
On these comments right so there's a lot of concern about these Greek banks and exactly how much money they have been something for investors side here to keep thinking about the rest today because we have until 4 o'clock eastern and at the bottom of the hour --
