ECB green lights up to €60bn in emergency funds for Greek banks
Arab Today
The European Central Bank has given the green light to make up to 60 billion euros ($68.5 billion) in emergency liquidity available to Greek banks, a source close to a national central bank told AFP on Thursday.
The day before, the ECB had effectively shut off Greek banks from a different channel of financing by saying it would no longer accept Greek sovereign bonds as collateral for loans in its normal refinancing operations.
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