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ECB Wary of Rushed Judgment on Greece Before Leaders React

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ECB Has to Pull a Rabbit Out of a Hat: Kessarios

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The European Central Bank may choose to buy time for politicians to discuss the referendum that has left Greece’s finances hanging by a thread.

While the Governing Council is due to talk on Monday on whether to keep supporting the country’s crippled lenders, it’ll probably be reluctant to preempt a planned meeting of euro-area leaders. German Chancellor Angela Merkel and French President Francois Hollande will meet late Monday, and European Union President Donald Tusk called a euro-area summit for Tuesday.