Mario Draghi reveals extra €900m in emergency funding and adds backing for debt write-offs as hopes rise that Greek banks will reopen on MondayBanks in Greece could open their doors on Monday for the first time in three weeks, after the European Central Bank boosted emergency funding for the country’s financial sector by €900m (£628m) and threw its weight behind calls for debt relief for Athens.The ECB president, Mario Draghi, announced the extension of aid to the country’s banks while backing the idea – championed by the International Monetary Fund, but rejected by Germany – that some of Greece’s debts will have to be written off. Related: Greek debt crisis: ECB raises emergency liquidity and pushes for debt relief - live updates Related: Merkel 'gambling away' Germany's reputation over Greece, says Habermas Related: British progressives and the European Union: should we stay or should we go? | Letters Continue reading...
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