ECB maintains emergency loans to Greece

Greek banks struggling as panicked savers withdraw funds

ECB maintains emergency loans to Greece

World Bulletin / News Desk 

The European Central Bank said in a statement Sunday that it would maintain the emergency loans currently available to the Greek financial system, but would offer no further aid.

The ECB said that it would maintain emergency loans at the limit agreed to on June 24 of €89 billion ($99.4 billion).

According to the Bank of Greece, Greek banks are losing about $500 million everyday as panicked savers seek access to their funds before the possible imposition of capital controls.

There are long lines in front of banks around the country as panic spreads.

Greeks will vote on July 5 in a referendum on whether to accept bailout terms proposed by the Eurogroup and its other European creditors.

Last Mod: 28 Haziran 2015, 17:33
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