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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, July 2, 2015

ECB keeps Greece on tight funding leash ahead of referendum

By John O'Donnell FRANKFURT (Reuters) - Euro zone central bank chiefs kept their existing cap on a funding lifeline to Greece in place on Wednesday, the ECB said, a move that keeps pressure on Greece as its lenders run out of cash. The Governing Council of decision makers has pared back support to a bare minimum ahead of a bailout referendum that could decide Greece's future in the euro, but decided against cutting it further, for fear that it would further destabilise the banks. As the central bankers gathered in Frankfurt, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any prospect of repairing relations with Europe before the Sunday vote.


READ THE ORIGINAL POST AT uk.news.yahoo.com