ECB: Bank funding to continue if Greece stays in program
- Written by E.Tsiliopoulos
Greek bank access to European Central Bank (ECB) funding will continue only until end February and provided that the country will still be in a programme, the ECB said in a statement on Thursday.
"The continuation of the waiver is based on the technical extension of the European Financial Stability Facility programme until the end of February 2015 and the existence of an International Monetary Fund programme. It is also based on the assumption of a successful conclusion of the current review and an agreement on a follow-up arrangement between the Greek authorities and the European Commission, in liaison with the ECB, and the IMF," an ECB spokesperson said in the statement.
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