ECB halts emergency funding hike to Greek banks, outflows pick up


  • World
  • Thursday, 28 May 2015

ATHENS (Reuters) - The European Central Bank on Wednesday left the ceiling on emergency funding for Greek banks unchanged for the first time since February, maintaining pressure on Athens and its creditors to reach an aid-for-reforms deal.

The move came as deposit outflows spiked again in the past week over fears Greece may default on a loan repayment to the International Monetary Fund next month and worries over potential capital controls, bankers told Reuters.

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