ECB Keeps Greek Bank-Aid Cap in Place as Parliament Vote Awaited
Euro Summit Strikes Bailout Deal to Keep Greece in Euro
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The European Central Bank held off from expanding its aid for Greek lenders, signaling a desire to wait for the country’s lawmakers to approve reforms linked to a new bailout.
The Governing Council kept the cap on Emergency Liquidity Assistance unchanged in a conference call on Monday, an ECB spokesman said. Policy makers will probably wait for a two-day meeting in Frankfurt starting Wednesday before deciding whether to raise the limit, euro-area officials said on condition of anonymity. An ECB spokeswoman declined to comment.