The European Central Bank has approved an emergency funding line for Greek banks to be provided via the country's central bank, a banking source told Reuters on Wednesday. Last week, a tightening of liquidity ahead of elections on Jan. 25 prompted the Bank of Greece to ask the ECB to approve an emergency liquidity assistance (ELA) line for the country's top banks. The Bank of Greece put in the ...
 |
| READ THE ORIGINAL POST AT finance.yahoo.com |