Loading...
Loading...
ECB Vice-President Vitor Constancio, speaking during a Q&A at Cambridge University on Saturday, said a decision on whether to give Greece emergency funding would be up to the European Central Bank's Governing Council:
- “There is the possibility of so-called ELA (emergency liquidity assistance facility). In any case that will be ultimately a decision of the Governing Council, which I don't want to predict at this stage”
- He was commenting on options available for Greek banks if the country's new anti-bailout government quits its EU/IMF program
- The ELA facility is designed as a stop gap for banks facing temporary problems
More at Reuters
–
Note - Constancio's comments seem to contradict Liikanen's
–
Note also, there is more detail here at the Greek press: ECB's Constancio signals Greek waiver may end if program dropped
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in