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ECB 'to Maintain Greek Funding Limit'
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28.06.2015
The European Central Bank says it will maintain its emergency funding of Greek banks at the level agreed on Friday.
The ECB said that it stood ready to review the decision on its Emergency Liquidity Assistance and would work closely with the Bank of Greece.
BBC economics editor Robert Peston says the ECB is not providing any additional aid to Greece, which will lead to huge pressure for capital controls.
Greek banks depend on ELA, and cutting it could push Greece out of the euro.
The ECB said that it stood ready to review the decision on its Emergency Liquidity Assistance and would work closely with the Bank of Greece.
BBC economics editor Robert Peston says the ECB is not providing any additional aid to Greece, which will lead to huge pressure for capital controls.
Greek banks depend on ELA, and cutting it could push Greece out of the euro.
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