The Traderszone Network

Published in TZ Latest News 21 April, 2015 by The TZ Newswire Staff

ECB to fund Greek banks as long as they stay solvent: Coeure

The European Central Bank will continue to fund Greek banks as long as they stay solvent and have enough collateral, Executive Board Member Benoit Coeure told a newspaper on Wednesday, dismissing talk that Athens might ditch the euro. Worries over the standoff between the leftist-led government in Athens and its creditors – the euro zone and the International Monetary Fund – over reforms needed to unlock bailout funds has sparked uncertainty and deposit flight from Greek banks.

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