European Central Bank President Mario Draghi said on Monday that the ECB would keep approving emergency funding for Greek banks while they have enough cash and collateral to function. "Liquidity will continue to be extended as long as Greek banks are solvent and have sufficient collateral," he told the European Parliament. "However in a situation where the Greek government doesn't have market access, this liquidity cannot be used to circumvent the prohibition of monetary financing as laid out in Article 123 in the Treaty on the Functioning of the European Union.
 |
| READ THE ORIGINAL POST AT uk.news.yahoo.com |