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ECB ‘to end Greek bank lifeline’

ECB European Central Bank

 

The European Central Bank is expected to end emergency lending to Greece’s banks on Sunday, BBC news reports.
The country’s banks depend on the ECB’s Emergency Liquidity Assistance (ELA). Its governing council is meeting later.
Greece will probably have to “announce a bank holiday on Monday, pending the introduction of capital controls, ” a source told the BBC’s Robert Peston. […]

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