ECB Won’t Lend To Some Greek Banks

The European Central Bank has qualified its commitment to keep funding Greek banks by stressing that it will not compromise its principle that bars it from helping severely undercapitalized banks.

  • 17 May 2012
The European Central Bank has qualified its commitment to keep funding Greek banks by stressing that it will not compromise its principle that bars it from helping severely undercapitalized banks. The ECB did say, however, that the once the Greek central bank boosts these institutions, it will open ...

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