Greece Pressure Mounts as ECB Shows Caution on Bank Funds

Pressure mounted on Greece as U.S. and European officials called on the government to reach a deal with its creditors and the European Central Bank granted the nation’s cash-strapped banks only a small increase in emergency funds.

Prime Minister Alexis Tsipras’s administration will submit a request to the euro area for a six-month loan extension on Thursday, a day later than originally planned, according to a government official. ECB policy makers on Wednesday raised the limit on Emergency Liquidity Assistance for Greek banks to 68.3 billion euros ($77.9 billion) from 65 billion euros, a euro-area central-bank official said. Both officials asked not to be identified because the matters are private.