ECB stops lending to some Greek banks amid Draghi exit talk
The ECB said it will temporarily stop lending to some Greek banks to limit its risk as its President Mario Draghi signalled it won’t compromise on key principles to keep Greece in the euro zone.
The European Central Bank said it will temporarily stop lending to some Greek banks to limit its risk as president Mario Draghi signalled the ECB won’t compromise on key principles to keep Greece in the euro zone.
The Frankfurt-based ECB said yesterday it will push the responsibility for lending to some Greek financial institutions onto the Greek central bank until they have sufficiently boosted their capital.
“Once the recapitalisation process is finalised, and...
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