The Traderszone Network

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

Bundesbank chief concerned about emergency funding for Greek banks

The head of Germany’s Bundesbank said on Saturday he had misgivings about granting emergency funding to Greece as the liquidity situation at the country’s banks has not improved. Jens Weidmann was speaking at a press event with German Finance Minister Wolfgang Schaeuble after a meeting of euro zone finance ministers in Riga. “As you know I have concerns about granting emergency liquidity on account of the fact that the banks are not doing everything to improve their liquidity situation,” Weidmann said.

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