Sunday, June 28, 2015

ECB 'to end Greek bank lifeline'

Breaking News image
The European Central Bank is expected to end emergency lending to Greece's banks on Sunday, the BBC understands.
The country's banks depend on the ECB's Emergency Liquidity Assistance (ELA). Its governing council is meeting later.
Greece will probably have to "announce a bank holiday on Monday, pending the introduction of capital controls", a source told the BBC's Robert Peston.
The bailout for heavily indebted Greece expires on Tuesday and talks have broken down.

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