Skip to content
Subscriber Only
Markets
Economics

ECB Wary of Rushed Judgment on Greece Before Leaders React

Video player cover image

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

Updated on

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.