Printer Friendly

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

(C)2015 ENPublishing -

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.'

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Feb 2, 2015
Previous Article:Union Bank names regional manager for Santa Barbara County.
Next Article:Iranian banks report increase in foreign assets.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters