ECB Said to See Greek Banks Coping to Wednesday Without More Aid
What If Greek Banks Don't Open for Two Weeks?
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The European Central Bank reckons Greece’s financial system can survive until at least after Tuesday’s summit of European leaders without an injection of extra liquidity, people familiar with the matter said.
The Governing Council may consider keeping the existing 88.6 billion-euro ($98.1 billion) assistance in place long enough to judge if Greece and its creditors can come any closer to agreeing on the country’s debt financing, the people said. The council is due to hold a conference call at 6 p.m. Frankfurt time on Monday, said the people, asking not to be named as the matter isn’t public. An ECB spokesman declined to comment.