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ECB extends emergency funding for Greek banks by about 5 bln euros
February 12, 2015 / 3:37 PM / 3 years ago

ECB extends emergency funding for Greek banks by about 5 bln euros

ATHENS, Feb 12 (Reuters) - The European Central Bank has further raised the cap on emergency funding for Greek banks by about 5 billion euros to 65 billion euros, Greek central bank and government officials told Reuters on Thursday.

The emergency liquidity assistance facility - on which Greek banks rely for funding after direct access to ECB funding was cut off - was extended for a week until next Wednesday, Feb. 18, the central bank official said.

“We got the amount we requested,” that official said.

Euro zone finance ministers reconvene for a crunch meeting on Monday to discuss hammering out a deal with Athens to avert a major financial crisis.

Earlier on Thursday, ECB policymakers held a telephone conference on providing finance to Greek banks, two people familiar with the matter told Reuters.

Reporting by Renee Maltezou and George Georgiopoulos, Writing by Deepa Babington

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