The Traderszone Network

Published in TZ Latest News 7 July, 2015 by The TZ Newswire Staff

Time Dwindles for Greek Banks as Vote Prolongs Creditor Talks

Greek banks are running out of time. The ECB Monday made it harder for Greek lenders to tap the emergency loans, tightening collateral rules. While fresh ECB aid is needed to keep banks ticking, injections of capital from shareholders, bondholders or even customers’ savings may be inevitable, according to a person with direct knowledge of discussions on lenders.