ECB continues Greek emergency aid

2nd July, 2015

The European Central Bank maintained its emergency support for Greek lenders, signalling it is willing to give the country time for a referendum on the terms of a bailout programme.

The governing council, meeting in Frankfurt on Wednesday, left the cap on Emergency Liquidity Assistance unchanged, an ECB spokesman said.

Policy makers also refrained from imposing steeper discounts on the collateral pledged by banks, a Greek official said, asking not to be identified as the...

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