worried about what this means, and a lot are queueing up at atms and withdrawing money, let's go to dominik kane in frankfurt. the question is dominik, whether they will continue to fund the banks. i6789d . >> well what is the question. the teleconference is under way did you saying emergency liquidity assistance - e la. there has been several received 80 billion, 90 billion have been pushed through. the problem faced is that the terms of its rules are to make loans of any kind it has to have collateral, like an individual seeking a loan in the normal sense may be expected to put up collateral. can the greek economy do that. the doubts are strongly expressed in certain political circles and amongst the media, one of the newspapers or the bigger newspapers clear sign of alexis tsipras and lee merklinger game over. and says bankruptcy for greece is at hand and the german government is considering humanitarian assistance to greece. that gives you a sense of the way that the feeling has grown here about the potential of a gretsket. what the ec b, the central bank the decision in the meeting going on

. >> we'll go to dominik kane live were the summit in bavaria in a moment. we see the u.s. president obama and the german chancellor angela merkel mingling with the crowd, and the u.s. president saying he didn't wring his laden hosen with him to the great mirth of those assembled. he was going to buy some. at the moment the people there suggesting that the rite place for him to get the leather pants, et cetera et cetera. dominik, with a wonderful backdrof of the bavaria, i don't know castle or building we are talking here about a 2-day meeting, g7. all sorts of different things on the agenda. what did they think they could achieve in that time? >> it is a castle. it's german for castle. and they hope angela merkel is keen to get agreements on a wide range of issues. obviously the crunch points as it were the situation in ukraine, and that is something president obama touched upon in the comments made in the village, and is hoping that they'll stand up for russian aggression. it issing it that analysts said - one told me told me that he thought the omission of russia from th

let go to dominik kane in frankfurt. all eyes on the e.c.b. who is holding an emergency meeting on the issue. >> that's right. we expect the meeting to be held at some point with a teleconference or video conference with the other eurozone countries and greece. the issue is that theuals so far as loans and other institutions they make the loans like any other bank against collateral and does the greece central bank have the collateral to allow them to make the loans. i was here reporting on the fact to give the latest central request more e l.a.s, this is a sticking plaster to tide over a country. the greek economy is an open wound and no sticking plaster can cover over the insolvansy. worth remembering the 1.5 billion needs to be repaid on 30 june. standing in front of the building costing 1.5 million, perhaps there are greeks that say there are priorities that are wrongly centered. the german newspaper, it has printed in ancient greek the word exodus translating exit. and they are aligned. now greece stands alone, which sums up how some in t

dominik kane is there with a look at what is to come. >> nessling in the mountains, this is seen as a general assembly inside wealthiest. for the next few days it will host the leaders of several world countries. protected by police and military personnel, the g7 will discuss flashpoints and the conflict in ukraine. in recent weeks fighting intensified. particularly near donetsk. this summit is the second such that russia has been excluded from. the g7 says russia's role in ukraine makes a meaningful discussion untenable. one says excluding russia is an error. >> the situation is getting from bad to worse. it's dangerous. russians seem to have started these days a new serious offensive, and i mean the russians, it's not the donetsk people, the wild men with cossack uniforms. nothing would happen there without the pushing of the kremlin. >> reporter: the continuing threat of the islamic state is high on the agenda. the group advanced further into iraq in recent months. the u.s. president obama is hoping to hold a series of meetings about i.s.i.l. on the fringes of the summit. >> there'

. >>> john psaropoulos live from athens thank you >>> dominik kane has the latest from the european central bank in frankfurt. >> reporter: after several hours of discussions the central bank decided to maintain the emergency liquid assistance that greece had in place, agreed on friday. it's not clear whether any more money will be available to the greek central bank. it received a series of e l.a.s, some say to the tune of 89 to 90 billion euros. if it has not been drawn down perhaps there's some available. if it has, there's nothing more available. it's worth remembering that that sum is a drop in the o compared to the issue of insolvency that dogged greece during the crisis for several years. a development on sunday was that the german chancellor angela merkel is understood that she will hold a meeting with leaders of parliamentary parties at the german chancellery. if there is a long-lasting deal for greece a bail out, more money, it may need to be agreed by parliament around the eurozone and, indeed the german parliament. angela merkel has a large majority there's by not means certain

dominik kane is live. i just wonder what has been said. >> in the last few hours, the u.s. president arrived. he was taken not from the summit venue, and was able to participate in bavaria culture. there was wheat beer sausages and president obama joked about that to the audience saying that there was never a bad time to parr take in the two icons of german culture and made rocks and in those remarks he had a serious and pointed message. >> the global economy that creates jobs and opportunity, maintaining a strong and prosperous european union, forging trade partnerships across the atlantic standing up to russian aggression in ukraine, combatting threats from violent extremism to climate change. and on all these issues we are grateful for the partnership and leadership of your chancellor angela merkel. >>> well another thing to point out that has emerged since president obama made the rocks, that the president of the european counsel, mr tusk has been talking about the situation in ukraine and said insofar as russians were concerned, the g7 - the only thing the g talks abou

dominik kane is live from the summit. how much of an appetite is there for the message of getting tough with russia? >> the ukraine crisis and the role of russia has dominated. the president of russia vladimir putin, has been excluded from the summit for a second year. when the u.s. president obama, arrived in bavaria this morning, he took almost the first opportunity to refer to russia. >> reporter: the spring sunshine lights up a picture of the bavaria culture. >> i apologise for that. let's go back to dominik. another issue overshadowing the meeting - the greek debt crisis. tell us about how that is coming up. >> since you were not able hear my piece, i'll mention mr obama said the summit was about standing up to russian aggression. later we were told that mrs. merkel and mr david cameron were determined that sanctions must not be lifted again russia until russia implemented the minsk agreement, arrived at months ago. there was a sense very much there that this summit is trying as much as possible to show a strength -

dominik kane is in germany with a look at what to expect when the g7 meets. >> nestling in the mountains seen as a retreat for germany's wealthiest for the next few days hl host the leaders -- it will host the leaders of 7 of the world's prisonest countries, protected by police and military personnel, the g7 will discuss several flashpoint notably the conflict in ukraine. in recent weeks the fighting intensified. particularly near donetsk. this summit is the second such that russia has been excluded from. the g7 group says russia's role in ukraine makes a meaningful discussion impossible. one leading commentators says excluding russia is a serious strategic error. >> the situation is getting from bad to worse, it's dangerous, indeed. the russians seem to have started these days a serious offensive, and i really mean the russians. it's not the donetsk people wild men with cossack uniforms. nothing would happen there without the pushing of the crellin. >> the continuing threat of the islamic state is high on the g7 agenda. the group advanced further into iraq in recent months. the u.s. pre