Πέμπτη 24 Μαΐου 2012

Secret €100bn aid props up Greek banks

By Ralph Atkins in Frankfurt

There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100bn or so of emergency liquidity provided by the country’s central bank – approved secretly by the European Central Bank in Frankfurt. If Greece were to leave the eurozone, the immediate cause might be an ECB decision to pull the plug....



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