The Traderszone Network

Published in TZ Latest News 25 June, 2015 by The TZ Newswire Staff

Exclusive: Bundesbank chief warns peers over funding for Greek banks – source

The head of the Bundesbank expressed serious concern about providing continued emergency funding to Greek banks in talks with his peers this week, a person familiar with the discussion said, as opposition grows to granting Athens a lifeline. Jens Weidmann has warned against the use of such emergency credit to prop up Greece’s banks ever since those lenders started to rely on it in February, but his latest protest is significant because of its timing.

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