The Traderszone Network

Published in TZ Latest News 17 February, 2015 by The TZ Newswire Staff

Greece faces resistance to extra emergency funds for banks

The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program. After talks between Greece and euro zone creditors broke down acrimoniously on Monday, the ECB’s policymaking governing council will review on Wednesday how far the country may support its weak banks, which face rising deposit outflows.

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