ECB to hold emergency meeting on Greek bank funding

GMT 06:18 2015 Friday ,19 June

Arab Today, arab today ECB to hold emergency meeting on Greek bank funding

European Central Bank President Mario Draghi
Frankfurt - Arab Today

The European Central Bank's decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP.

The council will hold a teleconference at around midday (1000 GMT) to discuss a possible increase in the Emergency Liquidity Assistance facility, as deposit withdrawals from Greek banks have accelerated in recent days, sources said, speaking on condition of anonymity. An ECB spokesman declined to comment.

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