ECB Said to Favor Keeping Greece Emergency Bank Aid Unchanged
This article is for subscribers only.
The European Central Bank is likely to keep the level of emergency aid to Greek lenders on hold Thursday, people familiar with the discussions said, as political talks over the country’s bailout continue.
Current opinion in the Governing Council is for the cap on Emergency Liquidity Assistance to stay at the current 88.6 billion euros ($96.8 billion), the people said, asking not to be named as the meeting is private. The ECB’s Executive Board recommended that the limit stay in place for now, one person said. The Greek central bank asked for an increase of 1.5 billion euros, the people said. Spokesmen for the ECB and the Bank of Greece declined to comment.