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Greek official says ECB would not cut support to banks.

Global Banking News-February 2, 2015--Greek official says ECB would not cut support to banks

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Global Banking News - 02 February 2015

The Greek deputy prime minister has said that the ECB would not cut support to banks in the nation.

Deputy prime minister, Yannis Dragasakis, dismissed fears that the ECB could cut liquidity support to Greek banks if the nation fails to agree with international creditors.

The comment came after Finnish central bank governor, Erkki Liikanen, hinted that liquidity to banks in Greece could dry up if Greece violates its international bailout deal.

Dragasakis said, 'The European Central Bank and (ECB President Mario) Draghi hold control of liquidity. So there will be all the moves, whatever is needed - he has said that himself - so that the smooth course of things is not upset.'

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Publication:Global Banking News (GBN)
Date:Feb 2, 2015
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