Greek Banks Get More Funds as ECB Weighs Collateral Discount
Mario Draghi, president of the European Central Bank, played down talk of an early end to QE after the Governing Council’s April 15 policy meeting.
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The European Central Bank raised the amount of emergency liquidity available to Greek banks, while signaling that access to such funds may become more difficult if bailout talks remain deadlocked.
The Governing Council lifted the cap on Emergency Liquidity Assistance by 1.4 billion euros ($1.5 billion) to 76.9 billion euros on Wednesday, people familiar with the decision said. That follows an increase of about 1.5 billion euros last week. An ECB spokesman declined to comment.