ECB's Bonnici says ECB liquidity for Greece linked to referendum result


  • World
  • Friday, 03 Jul 2015

MILAN (Reuters) - The European Central Bank will take account of the outcome of Greece's referendum on Sunday in deciding the terms of any future liquidity it offers to Greek banks, ECB Governing Council member Josef Bonnici said on Thursday.

Speaking to reporters in Milan, Bonnici said the value of collateral which Greek banks must offer in exchange for Emergency Liquidity Assistance (ELA) "will depend on Greece's decision" in the referendum.

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