ECB’s Vasiliauskas Says Summer is Limit for Greek Emergency Cash

The European Central Bank shouldn’t extend Emergency Liquidity Assistance for Greece beyond summer, Governing Council member Vitas Vasiliauskas said.

“The situation in Greece means that we should have a limit until summer for ELA,” Vasiliauskas said in an interview in Washington on Saturday. “Everyone understands what ELA means, it’s a temporary measure to give the banks liquidity. We will have to have discussions about the issue liquidity provision versus monetary financing. We will certainly have these discussions before summer.”